Hyatt Hotels (NYSE:H) Price Target Increased to $138.00 by Analysts at Morgan Stanley

Hyatt Hotels (NYSE:H – Get Rating) had its price target increased by equities researchers at Morgan Stanley from $136.00 to $138.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 31.38% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $100.00 price objective on the stock in a report on Tuesday, September 27th. Barclays lifted their price objective on Hyatt Hotels from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, December 15th. Redburn Partners initiated coverage on Hyatt Hotels in a report on Wednesday, November 30th. They issued a “buy” rating for the company. StockNews.com initiated coverage on Hyatt Hotels in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company boosted their price target on Hyatt Hotels to $111.00 in a report on Wednesday, December 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.25.

Hyatt Hotels Stock Performance

Shares of NYSE:H opened at $105.04 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.89 and a current ratio of 0.89. Hyatt Hotels has a one year low of $70.12 and a one year high of $108.10. The business’s 50-day simple moving average is $96.25 and its 200 day simple moving average is $89.48. The company has a market cap of $11.25 billion, a P/E ratio of 89.78 and a beta of 1.36.

Hyatt Hotels (NYSE:H – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.33. Hyatt Hotels had a negative return on equity of 6.19% and a net margin of 2.45%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. On average, sell-side analysts forecast that Hyatt Hotels will post 1.07 earnings per share for the current fiscal year.

Insider Activity at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $100.73, for a total transaction of $45,328.50. Following the completion of the transaction, the insider now owns 5,317 shares in the company, valued at approximately $535,581.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC acquired a new position in Hyatt Hotels during the 1st quarter worth $993,000. TCW Group Inc. acquired a new position in Hyatt Hotels during the 2nd quarter worth $831,000. Assenagon Asset Management S.A. boosted its position in Hyatt Hotels by 260.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 145,241 shares of the company’s stock worth $11,759,000 after acquiring an additional 104,966 shares during the period. Heritage Wealth Management LLC acquired a new position in Hyatt Hotels during the 2nd quarter worth $37,000. Finally, Delphia USA Inc. acquired a new position in Hyatt Hotels during the 2nd quarter worth $204,000. Institutional investors and hedge funds own 46.89% of the company’s stock.

About Hyatt Hotels

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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/SW Asia Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.