Hyatt Hotels (NYSE:H) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Hyatt Hotels (NYSE:H) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Monday, MarketBeat.com reports.

Several other equities research analysts have also recently weighed in on H. Melius Research upgraded Hyatt Hotels to a “strong-buy” rating in a research note on Monday, April 21st. Jefferies Financial Group cut their price target on Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Macquarie reduced their price objective on shares of Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group increased their price objective on Hyatt Hotels from $110.00 to $123.00 and gave the stock a “sell” rating in a research report on Friday, May 2nd. Finally, Robert W. Baird lifted their price target on shares of Hyatt Hotels from $146.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.63.

Hyatt Hotels Price Performance

Shares of H opened at $148.45 on Monday. The firm has a 50-day simple moving average of $135.96 and a two-hundred day simple moving average of $135.54. The stock has a market cap of $14.17 billion, a PE ratio of 19.28, a P/E/G ratio of 4.85 and a beta of 1.42. Hyatt Hotels has a 1-year low of $102.43 and a 1-year high of $168.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted $0.71 earnings per share. As a group, analysts forecast that Hyatt Hotels will post 3.05 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 3,891 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $134.03, for a total transaction of $521,510.73. Following the transaction, the insider owned 16,756 shares in the company, valued at $2,245,806.68. The trade was a 18.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was bought at an average price of $13.50 per share, with a total value of $13,453,924.50. Following the acquisition, the insider owned 117,077,441 shares in the company, valued at $1,580,545,453.50. This trade represents a 0.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 371,111 shares of company stock worth $49,273,516. 23.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in H. Bernard Wealth Management Corp. bought a new position in shares of Hyatt Hotels during the fourth quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB increased its stake in Hyatt Hotels by 86.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the period. Bank of Jackson Hole Trust bought a new stake in Hyatt Hotels during the first quarter worth approximately $31,000. Fifth Third Bancorp boosted its stake in Hyatt Hotels by 33.2% during the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after purchasing an additional 96 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Hyatt Hotels by 138.8% during the first quarter. UMB Bank n.a. now owns 499 shares of the company’s stock worth $61,000 after acquiring an additional 290 shares during the period. 73.54% of the stock is currently 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.