Hyatt Hotels Corporation (NYSE:H) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Hyatt Hotels Corporation (NYSE:H) have been given a consensus rating of “Moderate Buy” by the twenty ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $152.6842.

Several brokerages have recently commented on H. Truist Financial raised their price target on Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Robert W. Baird raised their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Wall Street Zen downgraded Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a “hold” rating to a “buy” rating in a research report on Monday, July 14th. Finally, Barclays dropped their price objective on Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th.

Insiders Place Their Bets

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total value of $587,395.00. Following the completion of the sale, the insider owned 16,756 shares of the company’s stock, valued at approximately $2,429,620. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.70% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Several institutional investors have recently added to or reduced their stakes in H. Bernard Wealth Management Corp. acquired a new stake in Hyatt Hotels in the fourth quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new stake in Hyatt Hotels in the first quarter worth about $31,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Hyatt Hotels by 86.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. MAI Capital Management boosted its holdings in Hyatt Hotels by 53.4% in the second quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after acquiring an additional 94 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Hyatt Hotels by 18,500.0% in the second quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $52,000 after purchasing an additional 370 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $139.24 on Tuesday. The firm has a market cap of $13.30 billion, a P/E ratio of 33.07, a P/E/G ratio of 2.25 and a beta of 1.43. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $168.20. The stock’s fifty day moving average price is $142.91 and its 200-day moving average price is $132.46.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.During the same quarter last year, the firm posted $1.53 earnings per share. On average, equities research analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 14.25%.

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.