Analysts Set Hyatt Hotels Co. (NYSE:H) Target Price at $121.88

Shares of Hyatt Hotels Co. (NYSE:H – Get Rating) have received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $121.88.

A number of brokerages recently commented on H. StockNews.com started coverage on Hyatt Hotels in a research note on Thursday, May 18th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hyatt Hotels from $113.00 to $121.00 in a report on Friday, May 5th. Morgan Stanley upped their price target on shares of Hyatt Hotels from $139.00 to $142.00 in a research note on Friday, May 12th. TheStreet raised shares of Hyatt Hotels from a “c” rating to a “b” rating in a research note on Monday, March 20th. Finally, Truist Financial increased their price target on shares of Hyatt Hotels from $132.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, February 21st.

Insider Buying and Selling

In related news, insider H. Charles Floyd sold 33,067 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $112.51, for a total transaction of $3,720,368.17. Following the completion of the transaction, the insider now owns 31,242 shares in the company, valued at approximately $3,515,037.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Peter Sears sold 7,805 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $116.22, for a total value of $907,097.10. Following the completion of the sale, the insider now owns 5,315 shares in the company, valued at $617,709.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider H. Charles Floyd sold 33,067 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $112.51, for a total value of $3,720,368.17. Following the completion of the transaction, the insider now directly owns 31,242 shares in the company, valued at approximately $3,515,037.42. The disclosure for this sale can be found here. Insiders have sold 81,567 shares of company stock valued at $9,207,060 in the last ninety days. 21.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Manhattan CO. LLC. bought a new position in shares of Hyatt Hotels in the 1st quarter worth $25,000. Quarry LP purchased a new stake in shares of Hyatt Hotels during the first quarter valued at about $26,000. Parallel Advisors LLC boosted its holdings in shares of Hyatt Hotels by 80.4% in the 1st quarter. Parallel Advisors LLC now owns 276 shares of the company’s stock valued at $31,000 after buying an additional 123 shares in the last quarter. Money Concepts Capital Corp grew its position in shares of Hyatt Hotels by 335.2% in the 4th quarter. Money Concepts Capital Corp now owns 383 shares of the company’s stock worth $35,000 after buying an additional 295 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Hyatt Hotels by 136.4% during the 1st quarter. Captrust Financial Advisors now owns 487 shares of the company’s stock worth $46,000 after acquiring an additional 281 shares in the last quarter. 46.89% of the stock is currently owned by institutional investors.

Hyatt Hotels Trading Down 2.1 %

Shares of H opened at $111.16 on Friday. The firm has a market cap of $11.75 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 14.69 and a beta of 1.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.64. Hyatt Hotels has a 1 year low of $70.12 and a 1 year high of $125.07. The company has a 50 day simple moving average of $111.98 and a two-hundred day simple moving average of $106.15.

Hyatt Hotels (NYSE:H – Get Rating) last posted its earnings results on Thursday, May 4th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). Hyatt Hotels had a net margin of 9.31% and a return on equity of 12.34%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the business posted ($0.33) earnings per share. On average, equities analysts expect that Hyatt Hotels will post 2.56 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a — dividend, which will be paid on Monday, June 12th. Investors of record on Tuesday, May 30th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 26th.

About Hyatt Hotels

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Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group. The Owned and Leased Hotels segment offers hospitality services and hotels.