Susquehanna Cuts Hyatt Hotels (NYSE:H) Price Target to $180.00

Hyatt Hotels (NYSE:H) had its target price cut by investment analysts at Susquehanna from $185.00 to $180.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s target price suggests a potential upside of 10.66% from the stock’s current price.

Several other equities research analysts also recently issued reports on H. Mizuho raised their price target on Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a report on Tuesday, January 13th. Barclays raised their price target on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. raised their price target on Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Truist Financial raised their price target on Hyatt Hotels from $168.00 to $181.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Finally, Evercore reaffirmed an “in-line” rating and set a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $183.57.

Hyatt Hotels Stock Down 0.7%

Shares of NYSE H traded down $1.08 during trading hours on Monday, hitting $162.66. The company had a trading volume of 62,001 shares, compared to its average volume of 849,368. The stock has a market capitalization of $15.37 billion, a P/E ratio of -464.71, a price-to-earnings-growth ratio of 1.95 and a beta of 1.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels has a 1-year low of $120.36 and a 1-year high of $180.53. The firm’s 50 day moving average is $155.27 and its 200-day moving average is $157.44.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same quarter in the prior year, the firm posted $0.46 EPS. On average, analysts expect that Hyatt Hotels will post 3.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jnp 2010-Pg Trust sold 213,434 shares of Hyatt Hotels stock in a transaction on Friday, April 17th. The stock was sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the completion of the sale, the insider owned 213,434 shares of the company’s stock, valued at approximately $35,803,553.50. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kinsey Wolf sold 400 shares of Hyatt Hotels stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total value of $58,912.00. Following the sale, the insider directly owned 545 shares of the company’s stock, valued at $80,267.60. This represents a 42.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 214,234 shares of company stock valued at $35,920,202 in the last three months. Insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently modified their holdings of H. Johnson Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after buying an additional 144 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Hyatt Hotels during the fourth quarter worth $26,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after buying an additional 107 shares in the last quarter. DV Equities LLC acquired a new stake in shares of Hyatt Hotels during the fourth quarter worth $32,000. Finally, Quent Capital LLC bought a new position in shares of Hyatt Hotels in the third quarter worth $34,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

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.