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

Hyatt Hotels (NYSE:H) had its price objective increased by investment analysts at Barclays from $201.00 to $202.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 18.79% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Mizuho upped their price target on shares of Hyatt Hotels from $221.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, September 21st. Robert W. Baird dropped their price objective on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Wolfe Research assumed coverage on Hyatt Hotels in a research report on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 target price for the company. Finally, Freedom Broker started coverage on Hyatt Hotels in a research note on Wednesday. They issued a “buy” rating and a $192.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.38.

Hyatt Hotels Price Performance

Hyatt Hotels stock traded up $1.14 during midday trading on Friday, reaching $170.05. 673,817 shares of the stock were exchanged, compared to its average volume of 839,851. The company’s fifty day moving average is $166.23 and its 200-day moving average is $173.83. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $16.03 billion, a PE ratio of 207.22 and a beta of 1.40. Hyatt Hotels has a 52 week low of $134.18 and a 52 week high of $206.86.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Hyatt Hotels will post 3.54 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Raiffeisen Bank International AG grew its holdings in shares of Hyatt Hotels by 140.8% in the second quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 100 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Hyatt Hotels during the 2nd quarter valued at $39,000. Evelyn Partners Asset Management Ltd bought a new stake in Hyatt Hotels during the 1st quarter valued at $38,000. Versant Capital Management Inc raised its holdings in Hyatt Hotels by 16.1% during the 3rd quarter. Versant Capital Management Inc now owns 475 shares of the company’s stock valued at $75,000 after buying an additional 66 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Hyatt Hotels by 31.5% during the 2nd quarter. Allworth Financial LP now owns 634 shares of the company’s stock valued at $123,000 after buying an additional 152 shares during the period. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.

The company’s portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.