JPMorgan Chase & Co. Issues Positive Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its target price boosted by JPMorgan Chase & Co. from $178.00 to $179.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

H has been the subject of a number of other reports. Wells Fargo & Company started coverage on shares of Hyatt Hotels in a report on Tuesday, November 18th. They set an “equal weight” rating and a $154.00 price target for the company. Morgan Stanley increased their target price on shares of Hyatt Hotels from $168.00 to $194.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a research note on Wednesday, January 14th. They set a “buy” rating and a $198.00 target price for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $188.00 price target on shares of Hyatt Hotels in a research note on Friday, January 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $172.13.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $156.28 on Tuesday. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $174.58. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47. The stock has a market cap of $14.84 billion, a PE ratio of -168.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.27. The business has a fifty day simple moving average of $162.74 and a 200-day simple moving average of $151.16.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.79). Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. The business had revenue of $1.50 billion for 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 quarterly revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s payout ratio is currently -64.52%.

Insider Transactions at Hyatt Hotels

In other news, insider Peter Sears sold 12,394 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the transaction, the insider owned 5,594 shares of the company’s stock, valued at approximately $869,922.94. This represents a 68.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Javier Aguila sold 9,548 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total value of $1,583,726.76. Following the sale, the insider directly owned 2,684 shares of the company’s stock, valued at $445,195.08. The trade was a 78.06% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 33,383 shares of company stock worth $5,321,682. 23.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ethic Inc. grew its stake in shares of Hyatt Hotels by 3.5% in the fourth quarter. Ethic Inc. now owns 2,533 shares of the company’s stock worth $406,000 after acquiring an additional 85 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Hyatt Hotels by 25.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,093 shares of the company’s stock valued at $817,000 after purchasing an additional 1,018 shares during the period. Truist Financial Corp grew its position in Hyatt Hotels by 970.8% in the 4th quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock worth $2,970,000 after purchasing an additional 16,794 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in Hyatt Hotels in the 4th quarter worth $9,968,000. Finally, Robertson Stephens Wealth Management LLC bought a new position in shares of Hyatt Hotels during the 4th quarter worth about $935,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.