Hyatt Hotels (NYSE:H) Price Target Raised to $176.00

Hyatt Hotels (NYSE:H) had its target price upped by Jefferies Financial Group from $150.00 to $176.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Robert W. Baird boosted their price objective on Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Morgan Stanley decreased their price objective on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Bank of America upped their price target on shares of Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and an average price target of $155.21.

Hyatt Hotels Trading Up 0.2 %

H opened at $156.68 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s fifty day moving average is $156.35 and its two-hundred day moving average is $151.49. Hyatt Hotels has a twelve month low of $124.40 and a twelve month high of $168.20. The firm has a market cap of $15.05 billion, a PE ratio of 11.81 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business earned $0.70 EPS. Equities research analysts anticipate that Hyatt Hotels will post 3.89 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Friday, November 22nd. Hyatt Hotels’s payout ratio is currently 4.52%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares in the company, valued at $927,622.02. This represents a 39.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Large investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. increased its holdings in Hyatt Hotels by 0.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock worth $2,365,000 after acquiring an additional 66 shares during the last quarter. PFG Investments LLC increased its stake in shares of Hyatt Hotels by 1.5% in the third quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock worth $738,000 after purchasing an additional 70 shares in the last quarter. Hunter Associates Investment Management LLC raised its position in shares of Hyatt Hotels by 0.6% in the third quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock valued at $2,601,000 after purchasing an additional 95 shares during the period. AdvisorShares Investments LLC lifted its stake in shares of Hyatt Hotels by 23.9% during the 2nd quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock valued at $83,000 after buying an additional 108 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Hyatt Hotels by 21.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 620 shares of the company’s stock worth $94,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 73.54% 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.