Hyatt Hotels Corporation (NYSE:H) Receives $152.68 Consensus Price Target from Brokerages

Shares of Hyatt Hotels Corporation (NYSE:H) have been given a consensus recommendation of “Moderate Buy” by the twenty ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $152.6842.

Several equities research analysts have commented on the company. Raymond James Financial raised 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. Wall Street Zen cut Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Robert W. Baird boosted their price target on Hyatt Hotels from $148.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. Finally, Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $138.00 to $167.00 in a research note on Tuesday, September 9th.

Hyatt Hotels Trading Up 1.2%

Hyatt Hotels stock opened at $142.70 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The business’s fifty day simple moving average is $143.29 and its two-hundred day simple moving average is $132.47. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $168.20. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company posted $1.53 earnings per share. As a group, equities analysts predict that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were paid a $0.15 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels’s payout ratio is currently 14.25%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider David Udell sold 4,051 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the sale, the insider owned 16,756 shares in the company, valued at approximately $2,429,620. This represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.70% of the stock is owned by corporate insiders.

Institutional Trading of Hyatt Hotels

A number of hedge funds have recently bought and sold shares of H. Cetera Investment Advisers increased its position in Hyatt Hotels by 24.3% during the fourth quarter. Cetera Investment Advisers now owns 5,853 shares of the company’s stock valued at $919,000 after acquiring an additional 1,146 shares during the last quarter. OMERS ADMINISTRATION Corp increased its position in Hyatt Hotels by 20.6% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 1,849 shares of the company’s stock valued at $290,000 after acquiring an additional 316 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Hyatt Hotels during the fourth quarter valued at $881,000. Quantinno Capital Management LP increased its position in Hyatt Hotels by 190.1% during the fourth quarter. Quantinno Capital Management LP now owns 20,363 shares of the company’s stock valued at $3,197,000 after acquiring an additional 13,343 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its position in Hyatt Hotels by 2.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company’s stock valued at $789,000 after acquiring an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 73.54% 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.