Hyatt Hotels (NYSE:H) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Hyatt Hotels (NYSE:H) had its price target lifted by equities researchers at Wells Fargo & Company from $182.00 to $186.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 2.42% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Mizuho lifted their target price on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a report on Thursday, June 4th. Stifel Nicolaus set a $182.00 price objective on shares of Hyatt Hotels in a report on Friday, May 29th. JPMorgan Chase & Co. raised their target price on Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Robert W. Baird boosted their price target on Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.14.

Hyatt Hotels Stock Up 1.0%

Hyatt Hotels stock opened at $190.62 on Thursday. Hyatt Hotels has a 1-year low of $133.51 and a 1-year high of $206.86. The business has a fifty day moving average price of $187.27 and a 200-day moving average price of $169.21. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $17.95 billion, a price-to-earnings ratio of -544.63 and a beta of 1.32.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same period in the prior year, the company posted $0.46 EPS. Equities research analysts forecast that Hyatt Hotels will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Hyatt Hotels news, insider Peter Sears sold 10,217 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the sale, the insider owned 6,374 shares in the company, valued at approximately $1,183,396.84. This represents a 61.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Cary D. Mcmillan sold 1,119 shares of Hyatt Hotels stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 23,224 shares of company stock worth $4,173,605. Corporate insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of institutional investors have recently modified their holdings of H. Los Angeles Capital Management LLC purchased a new position in Hyatt Hotels during the fourth quarter worth approximately $26,000. Johnson Financial Group Inc. grew its stake in Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares during the period. DV Equities LLC acquired a new position in Hyatt Hotels during the fourth quarter worth $32,000. Ares Financial Consulting LLC acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $34,000. Finally, NewEdge Advisors LLC raised its position in shares of Hyatt Hotels by 121.4% during the 4th quarter. NewEdge Advisors LLC now owns 228 shares of the company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. 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.