JPMorgan Chase & Co. Raises Hyatt Hotels (NYSE:H) Price Target to $215.00

Hyatt Hotels (NYSE:H) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $205.00 to $215.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 12.25% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Barclays increased their price objective on shares of Hyatt Hotels from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley boosted their target price on Hyatt Hotels from $208.00 to $218.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Wednesday, June 24th. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Wells Fargo & Company lifted their price target on Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Hyatt Hotels has a consensus rating of “Moderate Buy” and an average price target of $198.29.

Hyatt Hotels Price Performance

H stock traded up $1.98 during trading on Tuesday, hitting $191.53. The company had a trading volume of 74,652 shares, compared to its average volume of 856,105. The business has a 50 day moving average of $187.76 and a 200 day moving average of $169.42. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of -546.76 and a beta of 1.32. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels has a fifty-two week low of $133.51 and a fifty-two week high of $206.86.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company earned $0.46 EPS. As a group, research analysts predict that Hyatt Hotels will post 3.58 earnings per share for the current year.

Insider Buying and Selling at Hyatt Hotels

In related news, insider David Udell sold 2,087 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total transaction of $392,356.00. Following the completion of the sale, the insider directly owned 16,638 shares in the company, valued at approximately $3,127,944. This trade represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 1,119 shares of Hyatt Hotels stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total transaction of $195,780.24. The SEC filing for this sale provides additional information. Insiders sold 23,224 shares of company stock valued at $4,173,605 in the last ninety days. Company insiders own 23.60% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds have recently modified their holdings of H. Los Angeles Capital Management LLC acquired a new position in shares of Hyatt Hotels in the 4th quarter valued at $26,000. Johnson Financial Group Inc. raised its holdings in Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after buying an additional 144 shares during the period. DV Equities LLC purchased a new stake in Hyatt Hotels during the fourth quarter valued at about $32,000. Ares Financial Consulting LLC purchased a new stake in Hyatt Hotels during the fourth quarter valued at about $34,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Hyatt Hotels by 121.4% in the fourth quarter. NewEdge Advisors LLC now owns 228 shares of the company’s stock worth $37,000 after buying an additional 125 shares during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.