Hyatt Hotels (NYSE:H) Given New $195.00 Price Target at Mizuho

Hyatt Hotels (NYSE:H) had its price target decreased by equities researchers at Mizuho from $197.00 to $195.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Mizuho’s price objective points to a potential upside of 28.46% from the company’s previous close.

H has been the topic of several other reports. Morgan Stanley lowered shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $149.00 to $156.00 in a report on Monday, March 11th. StockNews.com raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. TD Cowen upped their price target on shares of Hyatt Hotels from $95.00 to $160.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Barclays lowered their price target on shares of Hyatt Hotels from $156.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. Finally, Truist Financial upped their price objective on shares of Hyatt Hotels from $143.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $141.88.

Hyatt Hotels Price Performance

Shares of H opened at $151.80 on Tuesday. The firm has a market capitalization of $15.36 billion, a PE ratio of 74.41, a price-to-earnings-growth ratio of 20.91 and a beta of 1.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $161.50. The company’s fifty day moving average price is $152.51 and its 200-day moving average price is $131.28.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.26. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.56 billion. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. During the same period in the previous year, the company earned $2.55 earnings per share. On average, equities research analysts predict that Hyatt Hotels will post 3.24 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Mark Samuel Hoplamazian sold 75,457 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the completion of the transaction, the insider now owns 459,000 shares of the company’s stock, valued at approximately $72,737,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total transaction of $200,096,680.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,077,803 shares of company stock worth $325,526,849. Insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings in Hyatt Hotels by 1,048.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 48,878 shares of the company’s stock worth $7,802,000 after buying an additional 44,622 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Hyatt Hotels by 2.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the company’s stock worth $2,027,000 after buying an additional 300 shares in the last quarter. PFG Investments LLC acquired a new stake in Hyatt Hotels during the 1st quarter worth approximately $770,000. Raymond James & Associates lifted its holdings in Hyatt Hotels by 68.6% during the 1st quarter. Raymond James & Associates now owns 32,277 shares of the company’s stock worth $5,152,000 after buying an additional 13,134 shares in the last quarter. Finally, State of Michigan Retirement System lifted its holdings in Hyatt Hotels by 2.8% during the 1st quarter. State of Michigan Retirement System now owns 10,900 shares of the company’s stock worth $1,740,000 after buying an additional 300 shares in the last quarter. 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.