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

Hyatt Hotels Corporation (NYSE:H) has been given an average recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $185.50.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Hyatt Hotels from $181.00 to $186.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Friday, March 27th. Susquehanna dropped their price objective on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company upped their price objective on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Finally, Morgan Stanley upped their price objective on shares of Hyatt Hotels from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, April 10th.

Insider Activity at Hyatt Hotels

In other news, Director Cary D. Mcmillan sold 1,119 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total transaction of $195,276.69. Following the transaction, the director owned 31,225 shares in the company, valued at approximately $5,449,074.75. This trade represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 225,154 shares of company stock worth $37,804,562 over the last quarter. 23.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Hyatt Hotels

Several large investors have recently modified their holdings of H. Veritas Asset Management LLP boosted its holdings in shares of Hyatt Hotels by 827.9% during the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after buying an additional 1,695,616 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Hyatt Hotels by 48.0% during the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after buying an additional 1,516,554 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after buying an additional 843,121 shares during the period. Bank of America Corp DE boosted its holdings in shares of Hyatt Hotels by 84.5% during the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock worth $171,545,000 after buying an additional 562,611 shares during the period. Finally, Par Capital Management Inc. boosted its holdings in shares of Hyatt Hotels by 551.8% during the 2nd quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock worth $51,847,000 after buying an additional 314,300 shares during the period. 73.54% of the stock is owned by institutional investors.

Hyatt Hotels Price Performance

H opened at $185.10 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. Hyatt Hotels has a 1-year low of $127.54 and a 1-year high of $188.50. The company has a 50-day moving average of $160.58 and a 200-day moving average of $160.80. The company has a market capitalization of $17.43 billion, a P/E ratio of -528.86 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. Equities analysts expect that Hyatt Hotels will post 3.48 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. Hyatt Hotels’s dividend payout ratio is -171.43%.

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.