Hyatt Hotels Corporation (NYSE:H) Given Average Rating of “Moderate Buy” by Analysts

Shares of Hyatt Hotels Corporation (NYSE:H) have earned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $156.8667.

H has been the topic of a number of research analyst reports. Morgan Stanley raised shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $147.00 to $168.00 in a research report on Wednesday, October 22nd. Truist Financial boosted their price target on shares of Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a report on Monday, July 14th. Wall Street Zen cut Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Finally, Robert W. Baird increased their target price on Hyatt Hotels from $150.00 to $154.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st.

Insider Activity at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total value of $587,395.00. Following the sale, the insider directly owned 16,756 shares of the company’s stock, valued at $2,429,620. This represents a 19.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.70% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds have recently bought and sold shares of H. Long Pond Capital LP purchased a new position in Hyatt Hotels during the first quarter valued at $191,922,000. Principal Financial Group Inc. grew its stake in shares of Hyatt Hotels by 21.8% in the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after acquiring an additional 843,121 shares during the last quarter. Bank of America Corp DE increased 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 acquiring an additional 562,611 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Hyatt Hotels by 24.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after purchasing an additional 545,003 shares during the last quarter. Finally, GRS Advisors LLC bought a new position in Hyatt Hotels in the 2nd quarter worth about $74,264,000. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Up 6.2%

Shares of NYSE:H opened at $155.47 on Wednesday. The stock’s 50-day moving average is $144.12 and its 200 day moving average is $139.15. The company has a market cap of $14.84 billion, a PE ratio of 36.93, a P/E/G ratio of 2.54 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. Hyatt Hotels has a 1 year low of $102.43 and a 1 year high of $168.20.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.Hyatt Hotels’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 earnings per share. Sell-side analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be issued a $0.15 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio is -64.52%.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.