Brokerages Set Hyatt Hotels Corporation (NYSE:H) Price Target at $152.68

Shares of Hyatt Hotels Corporation (NYSE:H) have earned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $152.6842.

A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. 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 for the company in a report on Tuesday, July 1st. Robert W. Baird upped their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Citigroup raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and upped their target price for the company from $138.00 to $167.00 in a report on Tuesday, September 9th. Finally, Truist Financial boosted their price target on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd.

Insider Activity

In other news, insider David Udell sold 4,051 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the transaction, the insider directly owned 16,756 shares in the company, valued at $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 23.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Baker Tilly Wealth Management LLC acquired a new position in shares of Hyatt Hotels during the third quarter worth about $204,000. Oak Thistle LLC increased its stake in shares of Hyatt Hotels by 89.7% during the third quarter. Oak Thistle LLC now owns 7,996 shares of the company’s stock worth $1,135,000 after acquiring an additional 3,782 shares during the period. New England Research & Management Inc. grew its position in Hyatt Hotels by 0.3% during the third quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock worth $3,314,000 after buying an additional 80 shares during the period. Red Spruce Capital LLC grew its position in Hyatt Hotels by 3.7% during the third quarter. Red Spruce Capital LLC now owns 12,423 shares of the company’s stock worth $1,763,000 after buying an additional 448 shares during the period. Finally, GAMMA Investing LLC grew its position in Hyatt Hotels by 23.0% during the third quarter. GAMMA Investing LLC now owns 887 shares of the company’s stock worth $126,000 after buying an additional 166 shares during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $145.95 on Friday. The company has a 50-day simple moving average of $142.34 and a 200-day simple moving average of $134.48. Hyatt Hotels has a one year low of $102.43 and a one year high of $168.20. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 2.24 and a beta of 1.41.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company earned $1.53 earnings per share. On average, analysts predict that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

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

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.