Hyatt Hotels (NYSE:H) Given New $170.00 Price Target at Wells Fargo & Company

Hyatt Hotels (NYSE:H) had its price objective cut by Wells Fargo & Company from $172.00 to $170.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 7.08% from the company’s current price.

A number of other research firms have also recently commented on H. Stifel Nicolaus lifted their price target on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Hsbc Global Res raised Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a report on Friday, November 1st. StockNews.com raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Bank of America lifted their target price on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Fourteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and a consensus price target of $156.38.

Hyatt Hotels Stock Performance

Shares of H stock opened at $158.77 on Tuesday. The company has a fifty day moving average price of $157.07 and a two-hundred day moving average price of $152.12. Hyatt Hotels has a one year low of $125.44 and a one year high of $168.20. The stock has a market cap of $15.25 billion, a P/E ratio of 11.96 and a beta of 1.48. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79.

Insider Activity

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the sale, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds have recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Hyatt Hotels during the third quarter valued at $30,000. Versant Capital Management Inc raised its position in Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares during the last quarter. UMB Bank n.a. lifted its holdings in Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after buying an additional 104 shares during the period. Blue Trust Inc. grew its position in shares of Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after buying an additional 213 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in shares of Hyatt Hotels in the third quarter valued at about $51,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

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.