The Goldman Sachs Group Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its price target boosted by research analysts at The Goldman Sachs Group from $110.00 to $123.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “sell” rating on the stock.

H has been the subject of a number of other reports. Stifel Nicolaus reduced their price target on shares of Hyatt Hotels from $156.75 to $132.00 and set a “hold” rating for the company in a report on Wednesday, April 16th. Mizuho reduced their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Morgan Stanley cut their price target on Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group decreased their price objective on Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Finally, Truist Financial cut their target price on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $151.17.

Hyatt Hotels Stock Performance

Shares of H opened at $123.00 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels has a one year low of $102.43 and a one year high of $168.20. The company’s fifty day moving average price is $120.25 and its 200 day moving average price is $142.89. The company has a market capitalization of $11.83 billion, a PE ratio of 9.89 and a beta of 1.35.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the previous year, the firm earned $0.71 EPS. As a group, analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current year.

Insider Activity at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 10,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the transaction, the insider now directly owns 9,337 shares in the company, valued at $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of Hyatt Hotels stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the sale, the insider now directly owns 811 shares of the company’s stock, valued at $99,712.45. This represents a 55.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,600 shares of company stock valued at $1,517,798 over the last quarter. Corporate insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. raised its stake in Hyatt Hotels by 5.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 73,178 shares of the company’s stock worth $8,964,000 after buying an additional 4,090 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Hyatt Hotels by 53.3% in the first quarter. Victory Capital Management Inc. now owns 44,111 shares of the company’s stock worth $5,404,000 after acquiring an additional 15,346 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Hyatt Hotels by 4.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 30,061 shares of the company’s stock worth $3,682,000 after purchasing an additional 1,372 shares during the period. Whittier Trust Co. lifted its holdings in shares of Hyatt Hotels by 2.4% during the 1st quarter. Whittier Trust Co. now owns 60,421 shares of the company’s stock valued at $7,401,000 after purchasing an additional 1,417 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Hyatt Hotels by 1.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,900 shares of the company’s stock worth $1,458,000 after purchasing an additional 200 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

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.