Hyatt Hotels Corporation (NYSE:H) Receives $171.13 Consensus PT from Analysts

Hyatt Hotels Corporation (NYSE:H) has earned an average rating of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $171.1250.

H has been the topic of several recent research reports. Mizuho increased their target price on shares of Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. started coverage on shares of Hyatt Hotels in a report on Monday, November 24th. They set an “overweight” rating and a $178.00 price objective on the stock. Morgan Stanley upped their target price on Hyatt Hotels from $168.00 to $194.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $188.00 target price on shares of Hyatt Hotels in a research report on Friday, January 2nd. Finally, Truist Financial boosted their price target on Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th.

Insider Activity

In other Hyatt Hotels news, insider David Udell sold 4,300 shares of Hyatt Hotels stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total value of $713,800.00. Following the transaction, the insider directly owned 13,746 shares of the company’s stock, valued at approximately $2,281,836. The trade was a 23.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Javier Aguila sold 9,548 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the sale, the insider owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. This represents a 78.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 33,383 shares of company stock worth $5,321,682. Corporate insiders own 23.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Bamco Inc. NY lifted its position in shares of Hyatt Hotels by 2.7% during the 3rd quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after buying an additional 161,461 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Hyatt Hotels by 21.8% in the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after acquiring an additional 843,121 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Hyatt Hotels by 7.2% during the third quarter. Wellington Management Group LLP now owns 3,159,562 shares of the company’s stock worth $448,437,000 after purchasing an additional 211,112 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Hyatt Hotels by 24.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after purchasing an additional 545,003 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Hyatt Hotels by 15.8% in the 3rd quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after purchasing an additional 193,530 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Up 1.9%

Shares of NYSE H opened at $163.72 on Monday. Hyatt Hotels has a 52-week low of $102.43 and a 52-week high of $174.58. The firm has a market capitalization of $15.55 billion, a price-to-earnings ratio of -176.05, a PEG ratio of 1.80 and a beta of 1.29. The stock has a 50 day moving average price of $161.86 and a 200 day moving average price of $150.46. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.68 and a current ratio of 0.69.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.79). The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a positive return on equity of 3.22% and a negative net margin of 1.27%.Hyatt Hotels’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. Sell-side analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, November 24th. Hyatt Hotels’s dividend payout ratio is presently -64.52%.

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.