Hyatt Hotels Corporation (NYSE:H) Given Consensus Rating of “Moderate Buy” by Brokerages

Hyatt Hotels Corporation (NYSE:H) has received an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $158.3333.

A number of research firms recently issued reports on H. Truist Financial increased their target price on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Tuesday. Morgan Stanley raised shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $147.00 to $168.00 in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Finally, Barclays lifted their price target on Hyatt Hotels from $156.00 to $161.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th.

Hyatt Hotels Price Performance

H opened at $164.39 on Friday. The stock has a market cap of $15.61 billion, a P/E ratio of 39.05, a P/E/G ratio of 2.54 and a beta of 1.43. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $168.20. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45. The company has a fifty day simple moving average of $148.18 and a 200 day simple moving average of $142.76.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. On average, research analysts expect that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be paid a $0.15 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels’s payout ratio is presently -64.52%.

Insider Buying and Selling

In other news, insider Peter Sears sold 12,394 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the transaction, the insider directly owned 5,594 shares of the company’s stock, valued at $869,922.94. This trade represents a 68.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Udell sold 4,131 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $151.10, for a total transaction of $624,194.10. Following the completion of the sale, the insider directly owned 16,756 shares in the company, valued at approximately $2,531,831.60. This represents a 19.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 23,586 shares of company stock valued at $3,611,550. Insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently bought and sold shares of H. Johnson Financial Group Inc. grew its stake in Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Hyatt Hotels in the 1st quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its stake in shares of Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after buying an additional 107 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after buying an additional 111 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in Hyatt Hotels during the third quarter worth $34,000. 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.