Barclays Has Lowered Expectations for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its price target reduced by equities researchers at Barclays from $151.00 to $144.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential downside of 0.72% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird set a $157.00 price objective on shares of Hyatt Hotels in a research note on Thursday, October 17th. The Goldman Sachs Group began coverage on Hyatt Hotels in a research note on Wednesday, September 18th. They set a “neutral” rating and a $151.00 price target on the stock. Susquehanna reduced their price objective on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. Cfra set a $155.00 target price on shares of Hyatt Hotels in a research report on Thursday, October 17th. Finally, Bank of America upped their price target on shares of Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and an average target price of $151.62.

Hyatt Hotels Stock Down 0.3 %

Shares of NYSE:H opened at $145.04 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels has a fifty-two week low of $96.77 and a fifty-two week high of $162.24. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 10.93 and a beta of 1.50. The firm’s 50 day moving average price is $150.93 and its 200 day moving average price is $148.93.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.75% and a net margin of 20.55%. During the same quarter in the prior year, the company posted $0.70 earnings per share. As a group, equities research analysts predict that Hyatt Hotels will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the sale, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LRI Investments LLC purchased a new stake in Hyatt Hotels in the first quarter valued at approximately $26,000. Summit Securities Group LLC acquired a new position in shares of Hyatt Hotels in the 2nd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Hyatt Hotels during the 3rd quarter valued at $30,000. Blue Trust Inc. increased its holdings in shares of Hyatt Hotels by 190.2% during the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 213 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Hyatt Hotels by 1,107.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 71.02% of the company’s stock.

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.