Hyatt Hotels Corporation (NYSE:H) Receives $192.40 Consensus Target Price from Analysts

Shares of Hyatt Hotels Corporation (NYSE:H) have been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $192.40.

Several equities analysts have weighed in on H shares. JPMorgan Chase & Co. raised their price target on Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Morgan Stanley raised their price target on Hyatt Hotels from $195.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Sanford C. Bernstein raised their price target on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. HSBC raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a research report on Thursday, June 4th. Finally, Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Peter Sears sold 10,217 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the completion of the transaction, the insider owned 6,374 shares of the company’s stock, valued at approximately $1,183,396.84. This trade represents a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David Udell sold 8,682 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $172.00, for a total value of $1,493,304.00. Following the transaction, the insider directly owned 13,338 shares of the company’s stock, valued at $2,294,136. The trade was a 39.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 236,658 shares of company stock valued at $39,977,159 in the last ninety days. 23.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds have recently made changes to their positions in H. Goldman Sachs Group Inc. boosted its holdings in shares of Hyatt Hotels by 7.6% during the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after purchasing an additional 29,976 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Hyatt Hotels by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock worth $17,556,000 after purchasing an additional 11,252 shares during the last quarter. Norges Bank acquired a new stake in shares of Hyatt Hotels during the second quarter worth $616,000. Daiwa Securities Group Inc. boosted its holdings in shares of Hyatt Hotels by 394.6% during the second quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock worth $2,418,000 after purchasing an additional 13,812 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Hyatt Hotels by 61.0% during the second quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock worth $9,609,000 after purchasing an additional 26,073 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Stock Performance

NYSE H opened at $196.15 on Thursday. Hyatt Hotels has a 1-year low of $127.59 and a 1-year high of $206.86. The company has a market capitalization of $18.47 billion, a P/E ratio of -560.44 and a beta of 1.33. The business has a 50 day moving average price of $176.99 and a 200 day moving average price of $165.13. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60.

Hyatt Hotels (NYSE:H) last released 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 firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted $0.46 EPS. Sell-side analysts expect that Hyatt Hotels will post 3.58 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio (DPR) is presently -171.43%.

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.