Hyatt Hotels (NYSE:H) Price Target Lowered to $197.00 at Barclays

Hyatt Hotels (NYSE:H) had its price objective cut by Barclays from $200.00 to $197.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently weighed in on H. JPMorgan Chase & Co. upped their price target on shares of Hyatt Hotels from $178.00 to $179.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Evercore reaffirmed an “in-line” rating and issued a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. Truist Financial upped their price target on shares of Hyatt Hotels from $168.00 to $181.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Morgan Stanley upped their price target on shares of Hyatt Hotels from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.21.

Hyatt Hotels Trading Up 0.3%

Shares of H stock opened at $164.01 on Thursday. The company’s fifty day simple moving average is $155.32 and its two-hundred day simple moving average is $155.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. Hyatt Hotels has a 1 year low of $102.93 and a 1 year high of $180.53. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of -292.87, a PEG ratio of 1.93 and a beta of 1.28.

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, beating analysts’ consensus estimates of $0.29 by $1.04. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, analysts anticipate that Hyatt Hotels will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

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

Insider Buying and Selling at Hyatt Hotels

In other 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 in the company, valued at approximately $80,267.60. This represents a 42.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently bought and sold shares of H. Goldman Sachs Group Inc. lifted its holdings in Hyatt Hotels by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after buying an additional 29,976 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Hyatt Hotels by 8.5% in the first 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 buying an additional 11,252 shares during the period. Norges Bank purchased a new stake in Hyatt Hotels in the second quarter worth about $616,000. Daiwa Securities Group Inc. lifted its holdings in Hyatt Hotels by 394.6% in the second quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock worth $2,418,000 after buying an additional 13,812 shares during the period. Finally, Sei Investments Co. lifted its holdings in Hyatt Hotels by 61.0% in the second quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock worth $9,609,000 after buying an additional 26,073 shares during the period. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

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.