Hyatt Hotels (NYSE:H) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Hyatt Hotels (NYSE:H) had its price objective raised by analysts at Morgan Stanley from $185.00 to $195.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 25.47% from the stock’s previous close.

A number of other brokerages also recently issued reports on H. Evercore reaffirmed an “in-line” rating and issued a $175.00 target price (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $188.00 price target on shares of Hyatt Hotels in a report on Friday, January 2nd. Barclays increased their price target on Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Wells Fargo & Company increased their price target on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Finally, Citigroup increased their price target on Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $181.43.

Hyatt Hotels Stock Down 0.2%

Shares of H opened at $155.41 on Friday. Hyatt Hotels has a 52-week low of $102.93 and a 52-week high of $180.53. The company has a market capitalization of $14.68 billion, a PE ratio of -277.53, a price-to-earnings-growth ratio of 1.84 and a beta of 1.28. The stock has a fifty day simple moving average of $154.96 and a two-hundred day simple moving average of $155.30. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the company earned $0.42 EPS. As a group, equities analysts forecast that Hyatt Hotels will post 3.05 EPS for the current year.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $147.28, for a total value of $58,912.00. Following the sale, the insider owned 545 shares of the company’s stock, valued at $80,267.60. This trade represents a 42.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently made changes to their positions in H. Goldman Sachs Group Inc. raised its position in shares of Hyatt Hotels by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after acquiring an additional 29,976 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hyatt Hotels by 8.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock worth $17,556,000 after acquiring an additional 11,252 shares in the last quarter. Norges Bank acquired a new stake in shares of Hyatt Hotels during the 2nd quarter worth about $616,000. Natixis acquired a new stake in shares of Hyatt Hotels during the 2nd quarter worth about $1,559,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Hyatt Hotels by 394.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock worth $2,418,000 after acquiring an additional 13,812 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

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.