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

Hyatt Hotels (NYSE:H) had its target price upped by analysts at Morgan Stanley from $208.00 to $218.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 14.36% from the company’s current price.

Several other analysts also recently issued reports on the company. Stifel Nicolaus set a $182.00 price objective on Hyatt Hotels in a research report on Friday, May 29th. HSBC upgraded 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lifted their target price on Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Susquehanna lowered their price target on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $196.14.

Hyatt Hotels Stock Performance

Shares of H opened at $190.62 on Friday. Hyatt Hotels has a 12-month low of $133.51 and a 12-month high of $206.86. The stock has a market cap of $17.95 billion, a P/E ratio of -544.63 and a beta of 1.32. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average of $187.27 and a two-hundred day moving average of $169.21.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the company posted $0.46 EPS. As a group, research analysts predict that Hyatt Hotels will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other news, insider David Udell sold 2,087 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total value of $392,356.00. Following the transaction, the insider owned 16,638 shares of the company’s stock, valued at approximately $3,127,944. This trade represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cary D. Mcmillan sold 1,119 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was 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. Insiders sold 23,224 shares of company stock worth $4,173,605 over the last three months. 23.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

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