Brokerages Set Hyatt Hotels Corporation (NYSE:H) Price Target at $176.40

Hyatt Hotels Corporation (NYSE:H) has earned an average recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $175.80.

H has been the subject of a number of research analyst reports. Evercore reaffirmed an “in-line” rating and issued a $175.00 target price (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. Stifel Nicolaus upped their price target on Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday, December 31st. The Goldman Sachs Group assumed coverage on Hyatt Hotels in a report on Wednesday, January 14th. They set a “buy” rating and a $198.00 price objective for the company. Barclays boosted their target price on Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Morgan Stanley lowered their target price on Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $143.42 on Tuesday. The stock has a fifty day moving average price of $162.87 and a 200 day moving average price of $154.86. Hyatt Hotels has a 1-year low of $102.43 and a 1-year high of $180.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $13.55 billion, a PE ratio of -256.10, a P/E/G ratio of 1.88 and a beta of 1.22.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the company posted $0.42 EPS. Sell-side analysts forecast that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is presently -107.14%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of Hyatt Hotels stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the transaction, the insider owned 2,684 shares in the company, valued at approximately $445,195.08. The trade was a 78.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

Large investors have recently modified their holdings of the business. Bamco Inc. NY raised its position in shares of Hyatt Hotels by 2.7% during the 3rd quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock worth $868,139,000 after purchasing an additional 161,461 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after buying an additional 843,121 shares during the last quarter. Wellington Management Group LLP increased its position in Hyatt Hotels by 48.0% during the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after buying an additional 1,516,554 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Hyatt Hotels by 24.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after acquiring an additional 545,003 shares during the last quarter. Finally, Veritas Asset Management LLP lifted its position in shares of Hyatt Hotels by 827.9% in the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after acquiring an additional 1,695,616 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

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.