Mizuho Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its target price lifted by analysts at Mizuho from $203.00 to $223.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 32.57% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $188.00 target price on shares of Hyatt Hotels in a report on Friday, January 2nd. Stifel Nicolaus increased their price objective on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a report on Wednesday, December 31st. Morgan Stanley upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $147.00 to $168.00 in a report on Wednesday, October 22nd. Barclays upgraded Hyatt Hotels from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $161.00 to $200.00 in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. began coverage on shares of Hyatt Hotels in a report on Monday, November 24th. They issued an “overweight” rating and a $178.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.63.

Hyatt Hotels Stock Down 0.2%

Shares of H stock opened at $168.21 on Tuesday. Hyatt Hotels has a fifty-two week low of $102.43 and a fifty-two week high of $172.24. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.68 and a current ratio of 0.69. The firm has a market capitalization of $15.97 billion, a PE ratio of -180.87, a P/E/G ratio of 1.89 and a beta of 1.29. The stock’s 50-day simple moving average is $160.71 and its 200-day simple moving average is $149.73.

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

Insider Buying and Selling

In related news, insider Peter Sears sold 12,394 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total value of $1,927,390.94. Following the completion of the sale, the insider directly owned 5,594 shares in the company, valued at approximately $869,922.94. This represents a 68.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Udell sold 4,300 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total value of $713,800.00. Following the completion of the transaction, the insider directly owned 13,746 shares in the company, valued at $2,281,836. This trade represents a 23.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 33,383 shares of company stock valued at $5,321,682. Company insiders own 23.70% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in Hyatt Hotels by 21.8% in the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after acquiring an additional 843,121 shares in the last quarter. Bank of America Corp DE lifted its position in shares of 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 worth $171,545,000 after purchasing an additional 562,611 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Hyatt Hotels by 24.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after purchasing an additional 545,003 shares in the last quarter. GRS Advisors LLC acquired a new position in Hyatt Hotels in the second quarter worth about $74,264,000. Finally, Mane Global Capital Management LP acquired a new stake in Hyatt Hotels during the second quarter valued at approximately $47,007,000. 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.