Hyatt Hotels (NYSE:H) Given New $187.00 Price Target at Truist Financial

Hyatt Hotels (NYSE:H) had its price objective boosted by stock analysts at Truist Financial from $181.00 to $187.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 5.14% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley increased their price objective on Hyatt Hotels from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Susquehanna reduced their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Wells Fargo & Company raised their target price on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Citigroup raised their target price on Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Sanford C. Bernstein raised their target price on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $185.50.

Hyatt Hotels Stock Performance

Shares of H traded up $3.71 during mid-day trading on Tuesday, hitting $177.86. The company’s stock had a trading volume of 299,540 shares, compared to its average volume of 844,503. Hyatt Hotels has a one year low of $127.54 and a one year high of $180.53. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $16.75 billion, a PE ratio of -508.17 and a beta of 1.33. The stock’s 50-day moving average is $158.18 and its two-hundred day moving average is $160.03.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the business earned $0.46 earnings per share. As a group, sell-side analysts anticipate that Hyatt Hotels will post 3.48 EPS for the current year.

Insider Buying and Selling

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of Hyatt Hotels stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total transaction of $58,912.00. Following the completion of the transaction, the insider directly owned 545 shares of the company’s stock, valued at approximately $80,267.60. This trade represents a 42.33% 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 this link. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of Hyatt Hotels stock in a transaction on Friday, April 17th. The shares were sold at an average price of $167.75, for a total value of $35,803,553.50. Following the transaction, the insider directly owned 213,434 shares of the company’s stock, valued at approximately $35,803,553.50. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 222,916 shares of company stock valued at $37,413,506 over the last ninety days. 23.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bamco Inc. NY lifted its holdings in shares of Hyatt Hotels by 2.7% during the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after acquiring an additional 161,461 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after acquiring an additional 843,121 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Hyatt Hotels by 48.0% during the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after acquiring an additional 1,516,554 shares during the period. Veritas Asset Management LLP lifted its holdings in shares of Hyatt Hotels by 827.9% during the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after acquiring an additional 1,695,616 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in shares of Hyatt Hotels by 2.8% during the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after acquiring an additional 43,733 shares during the period. 73.54% of the stock is owned by institutional investors.

About Hyatt Hotels

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.