Hyatt Hotels (NYSE:H) had its price objective lifted by equities researchers at Morgan Stanley from $73.00 to $83.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential downside of 5.25% from the stock’s previous close.
A number of other equities research analysts have also weighed in on H. Cowen set a $70.00 target price on Hyatt Hotels and gave the company a “hold” rating in a research report on Wednesday, October 9th. Stifel Nicolaus lifted their target price on Hyatt Hotels from $78.00 to $82.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Raymond James reaffirmed a “market perform” rating and set a $25.00 target price on shares of Hyatt Hotels in a research report on Friday, November 8th. CIBC lifted their target price on Hyatt Hotels from $24.00 to $25.00 in a research report on Wednesday, October 23rd. Finally, Macquarie set a $89.00 target price on Hyatt Hotels and gave the company a “buy” rating in a research report on Tuesday, September 17th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $70.47.
NYSE H traded down $0.05 on Thursday, reaching $87.60. 182,713 shares of the stock traded hands, compared to its average volume of 492,756. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.41. The company has a fifty day moving average price of $84.44 and a 200-day moving average price of $77.31. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 7.84 and a beta of 1.13. Hyatt Hotels has a 12 month low of $66.45 and a 12 month high of $91.13.
Hyatt Hotels (NYSE:H) last issued its earnings results on Wednesday, October 30th. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.11. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Hyatt Hotels had a return on equity of 6.47% and a net margin of 10.01%. During the same period in the previous year, the company posted $0.33 EPS. As a group, research analysts anticipate that Hyatt Hotels will post 1.8 earnings per share for the current fiscal year.
In other news, insider Peter Fulton sold 11,561 shares of Hyatt Hotels stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.35, for a total value of $928,926.35. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Texas 8-26-22 Trust 2 sold 700,000 shares of Hyatt Hotels stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $85.70, for a total value of $59,990,000.00. Following the completion of the transaction, the insider now owns 212,316 shares in the company, valued at $18,195,481.20. The disclosure for this sale can be found here. Insiders sold a total of 774,415 shares of company stock worth $65,918,962 over the last quarter. Company insiders own 24.70% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new position in Hyatt Hotels during the 3rd quarter worth $37,000. Toronto Dominion Bank purchased a new position in Hyatt Hotels during the 2nd quarter worth $54,000. Tower Research Capital LLC TRC grew its stake in Hyatt Hotels by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,080 shares of the company’s stock worth $82,000 after buying an additional 691 shares during the last quarter. Cerebellum GP LLC purchased a new position in Hyatt Hotels during the 3rd quarter worth $132,000. Finally, Point72 Hong Kong Ltd purchased a new position in Hyatt Hotels during the 2nd quarter worth $180,000. Institutional investors and hedge funds own 37.75% of the company’s stock.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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