Morgan Stanley Cuts Hyatt Hotels (NYSE:H) Price Target to $112.00

Hyatt Hotels (NYSE:H) had its price objective cut by Morgan Stanley from $127.00 to $112.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

H has been the subject of several other research reports. The Goldman Sachs Group reaffirmed a “sell” rating and set a $110.00 price target (down previously from $150.00) on shares of Hyatt Hotels in a research note on Monday, April 14th. Barclays decreased their target price on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Robert W. Baird dropped their price target on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Macquarie decreased their price objective on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Finally, Susquehanna increased their target price on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $151.83.

Hyatt Hotels Price Performance

Shares of H stock opened at $112.96 on Tuesday. The stock has a 50 day moving average price of $123.50 and a 200 day moving average price of $144.53. The firm has a market capitalization of $10.86 billion, a P/E ratio of 9.08 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels has a 52-week low of $102.43 and a 52-week high of $168.20.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. As a group, sell-side analysts predict that Hyatt Hotels will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.53%. Hyatt Hotels’s payout ratio is 4.82%.

Insider Transactions at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the transaction, the director now directly owns 37,927 shares in the company, valued at $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark R. Vondrasek sold 10,000 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the sale, the insider now directly owns 9,337 shares in the company, valued at $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,600 shares of company stock worth $1,517,798. Company insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of hedge funds have recently modified their holdings of the stock. U S Global Investors Inc. acquired a new position in Hyatt Hotels in the first quarter valued at approximately $490,000. Bessemer Group Inc. boosted its holdings in Hyatt Hotels by 17.7% during the first quarter. Bessemer Group Inc. now owns 2,279 shares of the company’s stock worth $279,000 after buying an additional 343 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Hyatt Hotels by 5.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company’s stock valued at $256,000 after buying an additional 110 shares in the last quarter. TT International Asset Management LTD increased its holdings in Hyatt Hotels by 10.0% in the first quarter. TT International Asset Management LTD now owns 37,017 shares of the company’s stock valued at $4,535,000 after buying an additional 3,360 shares in the last quarter. Finally, Covea Finance boosted its stake in shares of Hyatt Hotels by 41.6% during the 1st quarter. Covea Finance now owns 17,700 shares of the company’s stock worth $2,168,000 after acquiring an additional 5,200 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

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.