Hyatt Hotels Co. (NYSE:H) Receives $151.57 Consensus Target Price from Brokerages

Shares of Hyatt Hotels Co. (NYSE:H) have been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, MarketBeat reports. Fourteen investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $151.57.

A number of research firms have recently issued reports on H. Cfra set a $155.00 price target on Hyatt Hotels in a research note on Thursday, October 17th. HSBC cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a report on Friday, November 1st. Barclays reduced their price target on shares of Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Mizuho dropped their price objective on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a research note on Tuesday, August 20th.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of Hyatt Hotels stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the sale, the insider now owns 623,556 shares of the company’s stock, valued at $92,373,585.84. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in Hyatt Hotels by 333.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after purchasing an additional 199,773 shares during the period. Interval Partners LP grew its holdings in Hyatt Hotels by 314.1% during the second quarter. Interval Partners LP now owns 240,327 shares of the company’s stock worth $36,510,000 after acquiring an additional 182,297 shares during the period. Principal Financial Group Inc. raised its position in Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares in the last quarter. Icon Wealth Advisors LLC raised its position in Hyatt Hotels by 17,641.6% during the third quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after acquiring an additional 130,724 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Hyatt Hotels by 700.5% in the second quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock valued at $18,648,000 after acquiring an additional 107,412 shares during the period. Institutional investors and hedge funds own 71.02% of the company’s stock.

Hyatt Hotels Price Performance

Shares of H stock opened at $156.23 on Wednesday. The company has a market capitalization of $15.00 billion, a P/E ratio of 11.77 and a beta of 1.50. The company’s 50-day simple moving average is $152.88 and its two-hundred day simple moving average is $149.34. Hyatt Hotels has a one year low of $112.85 and a one year high of $162.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the prior year, the firm earned $0.70 earnings per share. As a group, equities analysts anticipate that Hyatt Hotels will post 3.91 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is presently 4.52%.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.