Hyatt Hotels (NYSE:H) Price Target Raised to $215.00 at JPMorgan Chase & Co.

Hyatt Hotels (NYSE:H) had its price objective raised by JPMorgan Chase & Co. from $205.00 to $215.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. HSBC upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a research note on Thursday, June 4th. Robert W. Baird increased their price objective on Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Mizuho upped their target price on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Finally, Susquehanna dropped their price target on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.29.

Hyatt Hotels Trading Down 0.0%

NYSE:H opened at $189.48 on Tuesday. The stock has a market cap of $17.84 billion, a price-to-earnings ratio of -541.37 and a beta of 1.32. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The company’s 50 day moving average price is $188.21 and its 200-day moving average price is $169.62. Hyatt Hotels has a 52 week low of $133.51 and a 52 week high of $206.86.

Hyatt Hotels (NYSE:H) last announced 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 company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business earned $0.46 EPS. On average, equities research analysts forecast that Hyatt Hotels will post 3.58 earnings per share for the current fiscal year.

Insider Transactions at Hyatt Hotels

In related news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $174.51, for a total value of $195,276.69. Following the completion of the transaction, the director directly owned 31,225 shares in the company, valued at approximately $5,449,074.75. This represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,224 shares of company stock valued at $4,173,605 over the last 90 days. 23.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

Large investors have recently made changes to their positions in the company. Veritas Asset Management LLP lifted its stake in shares of Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after purchasing an additional 1,695,616 shares during the period. Wellington Management Group LLP grew its position in Hyatt Hotels by 48.0% during the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after buying an additional 1,516,554 shares during the period. Bank of America Corp DE increased its holdings in Hyatt Hotels by 84.5% during the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after buying an additional 562,611 shares during the last quarter. Par Capital Management Inc. raised its position in Hyatt Hotels by 551.8% in the second quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock worth $51,847,000 after acquiring an additional 314,300 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Hyatt Hotels by 342.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 383,707 shares of the company’s stock worth $61,517,000 after acquiring an additional 296,931 shares during the period. 73.54% of the stock is currently owned by institutional investors.

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.