Hyatt Hotels (NYSE:H) Receives In-Line Rating from Evercore ISI

Evercore ISI reiterated their in-line rating on shares of Hyatt Hotels (NYSE:H) in a research report released on Thursday, Marketbeat reports. They currently have a $175.00 target price on the stock, up from their prior target price of $170.00.

A number of other analysts have also weighed in on H. Mizuho upped their target price on Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Wells Fargo & Company assumed coverage on Hyatt Hotels in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $154.00 price objective for the company. Morgan Stanley raised their price objective on Hyatt Hotels from $168.00 to $194.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Stifel Nicolaus boosted their target price on shares of Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday, December 31st. Finally, Barclays cut their price objective on shares of Hyatt Hotels from $200.00 to $198.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $172.06.

Hyatt Hotels Stock Up 0.9%

Shares of Hyatt Hotels stock opened at $165.21 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.69 and a quick ratio of 0.68. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of -177.65, a PEG ratio of 1.83 and a beta of 1.29. The firm’s 50-day moving average is $162.13 and its two-hundred day moving average is $150.56. Hyatt Hotels has a 1 year low of $102.43 and a 1 year high of $174.58.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.79). Hyatt Hotels had a positive return on equity of 3.22% and a negative net margin of 1.27%.The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the company posted $0.94 EPS. Hyatt Hotels’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, research analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, November 24th. Hyatt Hotels’s dividend payout ratio (DPR) is presently -64.52%.

Insider Buying and Selling

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the transaction, the insider directly owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. This trade represents a 78.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Udell sold 4,300 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total transaction of $713,800.00. Following the sale, the insider owned 13,746 shares of the company’s stock, valued at approximately $2,281,836. The trade was a 23.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 33,383 shares of company stock valued at $5,321,682 over the last quarter. 23.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after buying an additional 843,121 shares during the period. Bank of America Corp DE boosted its stake in shares of Hyatt Hotels by 84.5% during the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock worth $171,545,000 after acquiring an additional 562,611 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Hyatt Hotels by 24.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after acquiring an additional 545,003 shares during the period. GRS Advisors LLC purchased a new position in shares of Hyatt Hotels in the 2nd quarter valued at about $74,264,000. Finally, Mane Global Capital Management LP acquired a new position in Hyatt Hotels in the 2nd quarter worth about $47,007,000. 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.