Susquehanna Issues Pessimistic Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its target price dropped by analysts at Susquehanna from $185.00 to $180.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s target price would suggest a potential upside of 12.32% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company upped their target price on shares of Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, September 21st. JPMorgan Chase & Co. dropped their price target on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Truist Financial increased their price objective on shares of Hyatt Hotels from $187.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Robert W. Baird reduced their price objective on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $197.31.

Hyatt Hotels Stock Performance

Shares of H opened at $160.26 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The stock has a market cap of $15.10 billion, a P/E ratio of 195.44 and a beta of 1.40. The business’s 50 day moving average price is $166.43 and its 200-day moving average price is $173.65. 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 quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Hyatt Hotels will post 3.54 earnings per share for the current fiscal year.

Insider Activity

In other Hyatt Hotels news, Director Susan Kronick sold 1,700 shares of the company’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 transaction, the director directly owned 29,525 shares in the company, valued at $5,310,957. This represents a 5.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $163.06, for a total transaction of $222,413.84. Following the transaction, the insider directly owned 4,894 shares in the company, valued at approximately $798,015.64. This trade represents a 21.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 23.60% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors have recently made changes to their positions in the company. Raiffeisen Bank International AG lifted its stake in shares of Hyatt Hotels by 140.8% during the 2nd 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 second quarter valued at about $39,000. Evelyn Partners Asset Management Ltd purchased a new position in Hyatt Hotels in the first quarter valued at about $38,000. Versant Capital Management Inc grew its stake in Hyatt Hotels by 16.1% in the third quarter. Versant Capital Management Inc now owns 475 shares of the company’s stock valued at $75,000 after purchasing an additional 66 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Hyatt Hotels by 31.5% in the second quarter. Allworth Financial LP now owns 634 shares of the company’s stock valued at $123,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other 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.