Barclays Issues Positive Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its target price hoisted by Barclays from $200.00 to $220.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

H has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on shares of Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Wells Fargo & Company boosted their price objective on shares of Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Robert W. Baird raised their target price on shares of Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Finally, Stifel Nicolaus set a $182.00 price target on Hyatt Hotels in a report on Friday, May 29th. Nine equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.29.

Hyatt Hotels Stock Performance

Shares of H stock opened at $189.48 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. Hyatt Hotels has a 52 week low of $133.51 and a 52 week high of $206.86. The company’s 50 day moving average price is $188.21 and its two-hundred day moving average price is $169.62. The company has a market capitalization of $17.84 billion, a P/E ratio of -541.37 and a beta of 1.32.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS 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 for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the business posted $0.46 earnings per share. On average, analysts expect that Hyatt Hotels will post 3.58 earnings per share for the current fiscal year.

Insider Activity at Hyatt Hotels

In other news, insider Peter Sears sold 10,217 shares of the business’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 transaction of $1,896,888.22. Following the completion of the sale, the insider owned 6,374 shares in the company, valued at $1,183,396.84. The trade was a 61.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 1,119 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total value of $195,780.24. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 23,224 shares of company stock worth $4,173,605. 23.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently modified their holdings of H. Goldman Sachs Group Inc. grew 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 purchasing an additional 29,976 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Hyatt Hotels by 8.5% during 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 in the last quarter. Norges Bank bought a new position in Hyatt Hotels during the 2nd quarter worth $616,000. Daiwa Securities Group Inc. raised its holdings in Hyatt Hotels by 394.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock valued at $2,418,000 after acquiring an additional 13,812 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Hyatt Hotels by 61.0% in the 2nd quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock valued at $9,609,000 after acquiring an additional 26,073 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

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.