Hyatt Hotels (NYSE:H) Price Target Raised to $185.00

Hyatt Hotels (NYSE:H) had its price objective lifted by Susquehanna from $180.00 to $185.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

H has been the subject of a number of other research reports. HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a research note on Thursday, June 4th. Barclays dropped their target price on Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Morgan Stanley boosted their price target on Hyatt Hotels from $208.00 to $218.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Wells Fargo & Company upped their price target on Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. cut their price objective on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.29.

Hyatt Hotels Stock Up 0.7%

H stock opened at $179.69 on Tuesday. The company has a market cap of $16.93 billion, a PE ratio of 219.14 and a beta of 1.33. Hyatt Hotels has a twelve month low of $134.18 and a twelve month high of $206.86. The business’s 50-day simple moving average is $189.11 and its 200 day simple moving average is $171.28. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the company posted $0.68 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, research analysts anticipate that Hyatt Hotels will post 3.58 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 73.17%.

Insider Activity at Hyatt Hotels

In other news, Director Cary D. Mcmillan sold 1,119 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan D. Kronick sold 1,119 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were 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 approximately $5,449,074.75. This represents 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. Insiders have sold 23,224 shares of company stock worth $4,173,605 in the last 90 days. Corporate insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Several institutional investors have recently modified their holdings of H. Johnson Financial Group Inc. grew its holdings in Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after acquiring an additional 144 shares during the period. Los Angeles Capital Management LLC bought a new position in Hyatt Hotels during the 4th quarter worth approximately $26,000. DV Equities LLC acquired a new position in shares of Hyatt Hotels in the 4th quarter valued at $32,000. Ares Financial Consulting LLC bought a new stake in shares of Hyatt Hotels in the fourth quarter worth about $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Hyatt Hotels during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

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.