Freedom Broker Initiates Coverage on Hyatt Hotels (NYSE:H)

Equities researchers at Freedom Broker started coverage on shares of Hyatt Hotels (NYSE:H) in a research note issued on Wednesday, Benzinga reports. The brokerage set a “buy” rating and a $192.00 price target on the stock. Freedom Broker’s target price indicates a potential upside of 19.81% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Barclays lowered their target price on shares of Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Morgan Stanley increased their target price on shares of Hyatt Hotels from $209.00 to $211.00 and gave the stock an “overweight” rating in a report on Monday. JPMorgan Chase & Co. cut their price target on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Truist Financial raised their price target on shares of Hyatt Hotels from $187.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Wolfe Research started coverage on Hyatt Hotels in a research report on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels has an average rating of “Moderate Buy” and a consensus target price of $197.31.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock traded down $2.66 on Wednesday, hitting $160.26. 410,819 shares of the company traded hands, compared to its average volume of 838,070. Hyatt Hotels has a 52 week low of $134.18 and a 52 week high of $206.86. The business has a 50-day simple moving average of $166.82 and a 200 day simple moving average of $173.55. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $15.10 billion, a P/E ratio of 196.63 and a beta of 1.40.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.12 earnings per share 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 analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. Hyatt Hotels’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts expect that Hyatt Hotels will post 3.54 earnings per share for the current fiscal year.

Insider Transactions at Hyatt Hotels

In other news, Director Susan Kronick sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total value of $305,796.00. Following the completion of the sale, the director directly owned 29,525 shares in the company, valued at $5,310,957. The trade was a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $163.06, for a total transaction of $222,413.84. Following the transaction, the insider owned 4,894 shares of the company’s stock, valued at $798,015.64. This represents a 21.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of H. Raiffeisen Bank International AG boosted its holdings in shares of Hyatt Hotels by 140.8% in the second quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 100 shares in the last quarter. Evelyn Partners Asset Management Ltd acquired a new position in Hyatt Hotels during the first quarter worth about $38,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Hyatt Hotels during the second quarter worth $39,000. Versant Capital Management Inc boosted its position in Hyatt Hotels by 16.1% during the third quarter. Versant Capital Management Inc now owns 475 shares of the company’s stock worth $75,000 after purchasing an additional 66 shares in the last quarter. Finally, Oslo Pensjonsforsikring AS purchased a new position in shares of Hyatt Hotels in the first quarter valued at $94,000. 73.54% of the stock is owned by hedge funds and other institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.

The company’s portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.