Hyatt Hotels Corporation (NYSE:H) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Hyatt Hotels Corporation (NYSE:H) have been given an average rating of “Moderate Buy” by the twenty-one brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $152.6842.

Several equities research analysts recently weighed in on the stock. Robert W. Baird upped their price objective on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Truist Financial upped their price objective on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Wall Street Zen cut shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $138.00 to $167.00 in a research report on Tuesday, September 9th. Finally, Barclays dropped their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th.

Hyatt Hotels Stock Performance

H stock opened at $142.85 on Friday. The company has a market capitalization of $13.64 billion, a P/E ratio of 33.93, a PEG ratio of 2.29 and a beta of 1.41. The company has a 50-day simple moving average of $142.19 and a 200 day simple moving average of $134.18. Hyatt Hotels has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same quarter in the prior year, the company posted $1.53 earnings per share. Sell-side analysts predict that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were given a $0.15 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels’s payout ratio is 14.25%.

Insider Buying and Selling

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total value of $587,395.00. Following the sale, the insider directly owned 16,756 shares in the company, valued at approximately $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 23.70% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors have recently bought and sold shares of the stock. Bank of Jackson Hole Trust purchased a new position in Hyatt Hotels in the 1st quarter worth about $31,000. MassMutual Private Wealth & Trust FSB increased its stake in Hyatt Hotels by 86.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares in the last quarter. MAI Capital Management increased its stake in Hyatt Hotels by 53.4% in the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after purchasing an additional 94 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Hyatt Hotels by 18,500.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $52,000 after purchasing an additional 370 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Hyatt Hotels by 33.2% in the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock worth $54,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

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.