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

Hyatt Hotels Corporation (NYSE:H) has been given an average rating of “Moderate Buy” by the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $176.6667.

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Barclays increased their target price on Hyatt Hotels from $198.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their price target on Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd.

Hyatt Hotels Price Performance

H opened at $143.66 on Friday. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of -256.53, a PEG ratio of 1.69 and a beta of 1.28. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. Hyatt Hotels has a 12-month low of $102.43 and a 12-month high of $180.53. The business’s fifty day simple moving average is $155.71 and its 200-day simple moving average is $154.87.

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

Hyatt Hotels Dividend Announcement

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

Insider Buying and Selling

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $147.28, for a total transaction of $58,912.00. Following the completion of the sale, the insider directly owned 545 shares of the company’s stock, valued at approximately $80,267.60. This represents a 42.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 23.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its holdings in Hyatt Hotels by 598.1% in the fourth quarter. Hsbc Holdings PLC now owns 74,659 shares of the company’s stock worth $12,005,000 after purchasing an additional 63,965 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Hyatt Hotels by 89.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,517 shares of the company’s stock valued at $1,045,000 after purchasing an additional 3,073 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Hyatt Hotels in the 4th quarter worth $2,237,000. MidFirst Bank purchased a new position in Hyatt Hotels during the 4th quarter worth $340,000. Finally, Pacer Advisors Inc. increased its position in Hyatt Hotels by 17.5% during the 4th quarter. Pacer Advisors Inc. now owns 6,558 shares of the company’s stock valued at $1,051,000 after buying an additional 977 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

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.