Hyatt Hotels Corporation (NYSE:H) Stock Has Consensus Price Target of $197.80 According to Brokerages

Hyatt Hotels Corporation (NYSE:H) has received an average rating of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $197.80.

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Hyatt Hotels from $187.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a report on Thursday, June 4th. Wolfe Research initiated coverage on Hyatt Hotels in a report on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 target price for the company. Barclays dropped their price target on Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, September 21st.

Hyatt Hotels Stock Performance

Shares of H opened at $161.03 on Friday. The stock has a market capitalization of $15.17 billion, a PE ratio of 196.37 and a beta of 1.34. The business’s fifty day moving average price is $171.81 and its 200 day moving average price is $172.38. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. Hyatt Hotels has a 12-month low of $134.18 and a 12-month high of $206.86.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts forecast that Hyatt Hotels will post 3.54 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 73.17%.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan Kronick sold 1,700 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the transaction, the director owned 29,525 shares in the company, valued at approximately $5,310,957. This represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $163.06, for a total transaction of $222,413.84. Following the completion of the sale, the insider directly owned 4,894 shares in the company, valued at approximately $798,015.64. This trade represents a 21.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC grew its stake in shares of Hyatt Hotels by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock worth $210,000 after purchasing an additional 60 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Hyatt Hotels by 1.0% during the first quarter. Pacer Advisors Inc. now owns 6,625 shares of the company’s stock valued at $953,000 after purchasing an additional 67 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Hyatt Hotels by 0.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 17,877 shares of the company’s stock worth $2,866,000 after acquiring an additional 95 shares in the last quarter. Raiffeisen Bank International AG boosted its position in shares of Hyatt Hotels by 140.8% in the 2nd quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 100 shares during the period. Finally, Syon Capital LLC increased its position in shares of Hyatt Hotels by 7.7% in the second quarter. Syon Capital LLC now owns 1,535 shares of the company’s stock worth $298,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio serves business and leisure travelers across a range of price points, from luxury and lifestyle accommodations to full-service and select-service hotels.

The company’s brands include Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Place and Hyatt House.