Hyatt Hotels (NYSE:H) Price Target Increased to $178.00 by Analysts at Wells Fargo & Company

Hyatt Hotels (NYSE:H) had its price objective increased by analysts at Wells Fargo & Company from $167.00 to $178.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 20.19% from the stock’s previous close.

H has been the topic of several other reports. StockNews.com lowered shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Bank of America upped their price target on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday. Mizuho dropped their price objective on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Evercore ISI increased their target price on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research note on Monday. Finally, Morgan Stanley dropped their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $152.25.

Hyatt Hotels Price Performance

H stock opened at $148.10 on Tuesday. Hyatt Hotels has a 52-week low of $96.77 and a 52-week high of $162.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. The stock has a market cap of $14.99 billion, a price-to-earnings ratio of 23.00 and a beta of 1.50. The business has a fifty day moving average of $149.67 and a two-hundred day moving average of $149.02.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company earned $0.82 EPS. As a group, research analysts anticipate that Hyatt Hotels will post 3.93 earnings per share for the current year.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the transaction, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds have recently made changes to their positions in the company. LRI Investments LLC acquired a new stake in shares of Hyatt Hotels in the first quarter valued at approximately $26,000. Riverview Trust Co acquired a new stake in Hyatt Hotels during the 1st quarter worth $27,000. Summit Securities Group LLC acquired a new stake in Hyatt Hotels during the 2nd quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Hyatt Hotels during the 3rd quarter worth $30,000. Finally, Blue Trust Inc. increased its stake in Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 71.02% 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.