Bank of America Raises Hyatt Hotels (NYSE:H) Price Target to $175.00

Hyatt Hotels (NYSE:H) had its target price lifted by Bank of America from $165.00 to $175.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price target points to a potential upside of 15.37% from the stock’s previous close.

A number of other research analysts have also recently weighed in on H. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a report on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price objective for the company. Mizuho reduced their price target on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Susquehanna dropped their price objective on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Morgan Stanley reduced their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Finally, Barclays lifted their price target on shares of Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $150.48.

Hyatt Hotels Stock Performance

Shares of H stock traded down $2.25 on Monday, hitting $151.68. The company had a trading volume of 83,391 shares, compared to its average volume of 584,301. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. The firm has a market cap of $15.35 billion, a P/E ratio of 23.55 and a beta of 1.50. The company has a 50-day moving average price of $148.92 and a 200-day moving average price of $149.13.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.76 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, equities research analysts predict that Hyatt Hotels will post 3.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the transaction, the insider now owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. LRI Investments LLC purchased a new position in Hyatt Hotels during the first quarter worth about $26,000. Riverview Trust Co acquired a new position in shares of Hyatt Hotels in the 1st quarter worth approximately $27,000. Summit Securities Group LLC purchased a new position in shares of Hyatt Hotels during the 2nd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Hyatt Hotels in the third quarter valued at approximately $30,000. Finally, Blue Trust Inc. lifted its stake in Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 213 shares in the last quarter. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

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.