Hyatt Hotels (NYSE:H) Given New $191.00 Price Target at Robert W. Baird

Hyatt Hotels (NYSE:H) had its price objective reduced by equities research analysts at Robert W. Baird from $198.00 to $191.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 9.87% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Barclays dropped their target price on Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday. HSBC raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research note on Thursday, June 4th. JPMorgan Chase & Co. decreased their price target on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Susquehanna dropped their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.93.

Hyatt Hotels Trading Down 0.1%

Shares of H stock opened at $173.84 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 212.00 and a beta of 1.32. Hyatt Hotels has a 12-month low of $133.51 and a 12-month high of $206.86. The stock’s 50-day moving average price is $190.42 and its 200-day moving average price is $170.67.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.91 by $0.21. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. Hyatt Hotels’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 earnings per share. Equities research analysts predict that Hyatt Hotels will post 3.55 EPS for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other news, insider David Udell sold 8,682 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $172.00, for a total value of $1,493,304.00. Following the completion of the sale, the insider owned 13,338 shares in the company, valued at approximately $2,294,136. The trade was a 39.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 31,225 shares of the company’s stock, valued at $5,449,074.75. The trade was a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 23,224 shares of company stock worth $4,173,605. Company insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Delta Global Management LP bought a new stake in Hyatt Hotels during the first quarter valued at about $2,151,000. Truist Financial Corp raised its holdings in Hyatt Hotels by 970.8% in the fourth quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock worth $2,970,000 after purchasing an additional 16,794 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Hyatt Hotels by 345.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock valued at $1,422,000 after buying an additional 6,877 shares during the last quarter. Accredited Investors Inc. purchased a new stake in shares of Hyatt Hotels during the fourth quarter valued at about $1,146,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Hyatt Hotels by 8,321.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 188,551 shares of the company’s stock valued at $30,228,000 after buying an additional 186,312 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

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.