Hyatt Hotels (NYSE:H) Given New $153.00 Price Target at Barclays

Hyatt Hotels (NYSE:H) had its target price lowered by Barclays from $156.00 to $153.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 4.53% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus raised their price target on shares of Hyatt Hotels from $146.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, April 11th. StockNews.com upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Wednesday. Redburn Atlantic lowered shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and raised their price target for the company from $120.00 to $130.00 in a report on Tuesday, January 16th. Evercore ISI reiterated an “in-line” rating and set a $135.00 price objective on shares of Hyatt Hotels in a research note on Monday, February 5th. Finally, Morgan Stanley lowered shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $149.00 to $156.00 in a research note on Monday, March 11th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $142.00.

Hyatt Hotels Price Performance

H opened at $146.37 on Friday. The company’s 50 day simple moving average is $151.31 and its 200 day simple moving average is $130.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $161.50. The stock has a market capitalization of $14.81 billion, a PE ratio of 71.75, a P/E/G ratio of 21.09 and a beta of 1.49.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted $2.55 earnings per share. As a group, sell-side analysts expect that Hyatt Hotels will post 3.24 EPS for the current year.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $157.97, for a total value of $111,247,055.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of Hyatt Hotels stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,077,803 shares of company stock valued at $325,526,849. 23.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently modified their holdings of the company. First Manhattan CO. LLC. acquired a new position in shares of Hyatt Hotels during the first quarter valued at $25,000. Quarry LP acquired a new position in shares of Hyatt Hotels during the first quarter valued at $26,000. Riverview Trust Co acquired a new position in shares of Hyatt Hotels during the first quarter valued at $27,000. Janiczek Wealth Management LLC boosted its holdings in shares of Hyatt Hotels by 597.5% during the third quarter. Janiczek Wealth Management LLC now owns 279 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the period. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Hyatt Hotels during the second quarter valued at about $34,000. Institutional investors and hedge funds own 71.02% of the company’s stock.

About Hyatt Hotels

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.