Hyatt Hotels (NYSE:H) Stock Price Target Raised at Freedom Broker

Hyatt Hotels (NYSE:H) had its target price hoisted by research analysts at Freedom Broker from $192.00 to $206.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Freedom Broker‘s price objective suggests a potential upside of 10.91% from the stock’s previous close.

Several other research firms have also recently issued reports on H. Wells Fargo & Company upped their price objective on Hyatt Hotels from $184.00 to $189.00 and gave the company an “equal weight” rating in a research report on Monday, October 19th. Wolfe Research assumed coverage on Hyatt Hotels in a report on Wednesday, September 2nd. They issued an “outperform” rating and a $203.00 target price for the company. Barclays boosted their price target on Hyatt Hotels from $202.00 to $207.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial upped their price target on Hyatt Hotels from $187.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Robert W. Baird increased their price objective on Hyatt Hotels from $188.00 to $194.00 and gave the company a “neutral” rating in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $200.62.

Hyatt Hotels Stock Up 2.9%

Shares of H traded up $5.17 on Monday, reaching $185.74. The stock had a trading volume of 1,202,005 shares, compared to its average volume of 848,788. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 96.24 and a beta of 1.37. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50-day simple moving average of $165.81 and a 200-day simple moving average of $169.84. Hyatt Hotels has a 12-month low of $134.18 and a 12-month high of $206.86.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $0.76 by $0.51. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. Hyatt Hotels had a net margin of 2.62% and a return on equity of 11.63%. Hyatt Hotels’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.30) earnings per share. Sell-side analysts predict that Hyatt Hotels will post 3.49 EPS for the current year.

Insider Activity at Hyatt Hotels

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of H. Delta Global Management LP bought a new position in shares of Hyatt Hotels during the 1st quarter valued at about $2,151,000. Nilsine Partners LLC purchased a new position in shares of Hyatt Hotels during the second quarter valued at about $4,009,000. IFM Investors Pty Ltd bought a new stake in shares of Hyatt Hotels in the first quarter worth about $1,077,000. BlueCrest Capital Management Ltd bought a new stake in shares of Hyatt Hotels in the second quarter worth about $7,829,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Hyatt Hotels by 598.1% in the fourth quarter. Hsbc Holdings PLC now owns 74,659 shares of the company’s stock worth $12,005,000 after purchasing an additional 63,965 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.