Hyatt Hotels (NYSE:H) Coverage Initiated by Analysts at Wolfe Research

Analysts at Wolfe Research initiated coverage on shares of Hyatt Hotels (NYSE:H) in a research note issued to investors on Wednesday, Benzinga reports. The brokerage set an “outperform” rating and a $203.00 price target on the stock. Wolfe Research’s target price would suggest a potential upside of 24.78% from the stock’s current price.

H has been the topic of a number of other research reports. Morgan Stanley decreased their price objective on shares of Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 18th. Wells Fargo & Company increased their target price on shares of Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. HSBC upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a report on Thursday, June 4th. Finally, Mizuho upped their price target on Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Hyatt Hotels currently has an average rating of “Moderate Buy” and an average price target of $197.07.

Hyatt Hotels Stock Performance

NYSE:H opened at $162.69 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. Hyatt Hotels has a fifty-two week low of $134.18 and a fifty-two week high of $206.86. The firm has a market cap of $15.33 billion, a PE ratio of 198.40 and a beta of 1.34. The business has a 50 day moving average price of $183.69 and a 200-day moving average price of $172.76.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts predict that Hyatt Hotels will post 3.54 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Susan D. Kronick sold 1,700 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the sale, the director owned 29,525 shares in the company, valued at approximately $5,310,957. The trade was a 5.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of H. California State Teachers Retirement System boosted its stake in Hyatt Hotels by 17,286.6% during the second quarter. California State Teachers Retirement System now owns 8,654,374 shares of the company’s stock worth $1,677,564,000 after acquiring an additional 8,604,598 shares in the last quarter. Veritas Asset Management LLP increased its stake 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 purchasing an additional 1,695,616 shares in the last quarter. 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 purchasing an additional 1,516,554 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Hyatt Hotels by 84.5% during the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares during the last quarter. Finally, Par Capital Management Inc. boosted its position in shares of Hyatt Hotels by 551.8% in the 2nd quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock worth $51,847,000 after purchasing an additional 314,300 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other 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.