Hyatt Hotels (NYSE:H) Price Target Raised to $181.00 at Truist Financial

Hyatt Hotels (NYSE:H) had its price objective boosted by Truist Financial from $168.00 to $181.00 in a report issued on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other brokerages also recently commented on H. Mizuho upped their target price on shares of Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Sanford C. Bernstein reissued an “outperform” rating and set a $188.00 price target on shares of Hyatt Hotels in a research report on Friday, January 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 29th. Barclays upped their price objective on shares of Hyatt Hotels from $198.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, The Goldman Sachs Group began coverage on Hyatt Hotels in a report on Wednesday, January 14th. They set a “buy” rating and a $198.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.67.

Hyatt Hotels Trading Down 1.0%

NYSE H opened at $146.15 on Thursday. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $180.53. The stock has a 50-day simple moving average of $158.35 and a 200 day simple moving average of $154.90. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $13.81 billion, a PE ratio of -260.98, a P/E/G ratio of 1.74 and a beta of 1.22.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $1.04. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same period in the previous year, the company earned $0.42 EPS. Research analysts forecast that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is -107.14%.

Insider Buying and Selling

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $147.28, for a total transaction of $58,912.00. Following the sale, the insider directly owned 545 shares of the company’s stock, valued at $80,267.60. The trade was a 42.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 23.70% of the stock is owned by company insiders.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC grew its stake in Hyatt Hotels by 598.1% in the fourth quarter. Hsbc Holdings PLC now owns 74,659 shares of the company’s stock valued at $12,005,000 after purchasing an additional 63,965 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Hyatt Hotels by 89.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,517 shares of the company’s stock worth $1,045,000 after purchasing an additional 3,073 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Hyatt Hotels in the 4th quarter valued at approximately $2,237,000. MidFirst Bank acquired a new stake in shares of Hyatt Hotels in the 4th quarter valued at approximately $340,000. Finally, Pacer Advisors Inc. grew its stake in shares of Hyatt Hotels by 17.5% in the fourth quarter. Pacer Advisors Inc. now owns 6,558 shares of the company’s stock valued at $1,051,000 after buying an additional 977 shares in the last quarter. Institutional investors 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.