Stifel Nicolaus Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its price objective increased by Stifel Nicolaus from $145.50 to $157.50 in a report issued on Tuesday,Benzinga reports. The firm currently has a hold rating on the stock.

Several other brokerages have also recently commented on H. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Evercore ISI boosted their target price on shares of Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Barclays cut their price target on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Macquarie decreased their price objective on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Truist Financial dropped their target price on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $151.88.

Hyatt Hotels Price Performance

Shares of H opened at $157.94 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The company’s fifty day moving average price is $153.54 and its 200-day moving average price is $149.52. Hyatt Hotels has a 1-year low of $112.85 and a 1-year high of $162.24. The firm has a market capitalization of $15.17 billion, a PE ratio of 11.91 and a beta of 1.50.

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

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.38%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s payout ratio is 4.52%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several large investors have recently bought and sold shares of the business. Bamco Inc. NY increased its stake in shares of Hyatt Hotels by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after acquiring an additional 68,608 shares during the last quarter. Principal Financial Group Inc. increased 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 worth $401,827,000 after purchasing an additional 162,562 shares during the last quarter. Wellington Management Group LLP increased its position in Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after purchasing an additional 56,082 shares during the last quarter. State Street Corp boosted its holdings in Hyatt Hotels by 0.4% in the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company’s stock valued at $219,343,000 after purchasing an additional 6,007 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after buying an additional 7,440 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.