Barclays Issues Pessimistic Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its price target cut by research analysts at Barclays from $158.00 to $156.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 14.91% from the stock’s current price.

A number of other analysts have also weighed in on H. Raymond James Financial raised shares of Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 target price on the stock in a report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a report on Monday, July 14th. Robert W. Baird upped their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. The Goldman Sachs Group boosted their price target on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a “sell” rating in a research note on Friday, May 2nd. Finally, Macquarie cut their price target on shares of Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Moderate Buy” and a consensus price target of $152.26.

Hyatt Hotels Stock Performance

NYSE H opened at $135.75 on Friday. Hyatt Hotels has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a 50-day simple moving average of $140.48 and a 200 day simple moving average of $134.12. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $12.96 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 2.29 and a beta of 1.46.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.59%. During the same quarter last year, the company earned $1.53 earnings per share. On average, research analysts predict that Hyatt Hotels will post 3.05 EPS for the current year.

Insider Transactions at Hyatt Hotels

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

Institutional Trading of Hyatt Hotels

Institutional investors have recently made changes to their positions in the stock. Bernard Wealth Management Corp. purchased a new stake in shares of Hyatt Hotels during the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new position in shares of Hyatt Hotels in the 1st quarter worth approximately $31,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Hyatt Hotels by 86.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Hyatt Hotels by 18,500.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $52,000 after purchasing an additional 370 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Hyatt Hotels by 33.2% in the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock worth $54,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 73.54% 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.