Jefferies Financial Group Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its target price upped by Jefferies Financial Group from $150.00 to $176.00 in a research note released on Thursday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other analysts have also issued reports on H. Truist Financial dropped their price objective on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a report on Friday, November 1st. Evercore ISI upped their price objective on shares of Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Stifel Nicolaus raised their target price on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group upped their price target on shares of Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $155.21.

Hyatt Hotels Trading Down 0.4 %

NYSE H opened at $156.31 on Thursday. The company has a market cap of $15.01 billion, a PE ratio of 11.78 and a beta of 1.50. Hyatt Hotels has a 12 month low of $124.40 and a 12 month high of $168.20. The stock has a 50 day moving average of $156.31 and a 200-day moving average of $151.44. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter last year, the firm posted $0.70 EPS. On average, equities research analysts anticipate that Hyatt Hotels will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Insider Buying and Selling

In other news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the transaction, the insider now directly owns 5,798 shares in the company, valued at $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oddo BHF Asset Management Sas bought a new stake in Hyatt Hotels during the 3rd quarter valued at $1,728,000. Synovus Financial Corp lifted its stake in Hyatt Hotels by 15.4% during the 3rd quarter. Synovus Financial Corp now owns 3,492 shares of the company’s stock valued at $531,000 after acquiring an additional 467 shares in the last quarter. Tidal Investments LLC purchased a new position in Hyatt Hotels during the 3rd quarter worth $273,000. World Investment Advisors LLC bought a new stake in shares of Hyatt Hotels in the 3rd quarter worth $4,520,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of Hyatt Hotels by 30.8% in the third quarter. Sanctuary Advisors LLC now owns 5,278 shares of the company’s stock valued at $825,000 after purchasing an additional 1,244 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

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.