Evercore ISI Reiterates In-Line Rating for Hyatt Hotels (NYSE:H)

Hyatt Hotels (NYSE:H)‘s stock had its “in-line” rating restated by Evercore ISI in a report released on Thursday, MarketBeat Ratings reports. They presently have a $175.00 target price on the stock, up from their previous target price of $170.00. Evercore ISI’s price target would indicate a potential upside of 6.81% from the stock’s current price.

Several other analysts also recently commented on the stock. Morgan Stanley increased their price objective on shares of Hyatt Hotels from $168.00 to $194.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Sanford C. Bernstein reiterated an “outperform” rating and set a $188.00 price target on shares of Hyatt Hotels in a report on Friday, January 2nd. Barclays decreased their price objective on shares of Hyatt Hotels from $200.00 to $198.00 and set an “overweight” rating for the company in a report on Friday, January 16th. The Goldman Sachs Group started coverage on Hyatt Hotels in a research note on Wednesday, January 14th. They set a “buy” rating and a $198.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Hyatt Hotels in a report on Monday, November 24th. They issued an “overweight” rating and a $178.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average target price of $172.06.

Hyatt Hotels Stock Down 1.0%

H stock opened at $163.84 on Thursday. The business has a 50 day moving average of $162.36 and a 200 day moving average of $150.69. The firm has a market cap of $15.56 billion, a PE ratio of -176.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. Hyatt Hotels has a twelve month low of $102.43 and a twelve month high of $174.58. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47.

Hyatt Hotels (NYSE:H) last released 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). Hyatt Hotels had a positive return on equity of 3.22% and a negative net margin of 1.27%.The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm posted $0.94 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts forecast that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Insider Activity

In other news, insider David Udell sold 4,300 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total value of $713,800.00. Following the completion of the transaction, the insider owned 13,746 shares of the company’s stock, valued at $2,281,836. This represents a 23.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Peter Sears sold 12,394 shares of Hyatt Hotels stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $155.51, for a total value of $1,927,390.94. Following the sale, the insider directly owned 5,594 shares in the company, valued at $869,922.94. This trade represents a 68.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,383 shares of company stock worth $5,321,682 over the last ninety days. Corporate insiders own 23.70% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Several large investors have recently bought and sold shares of the business. Johnson Financial Group Inc. raised its stake in Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Hyatt Hotels by 98.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after buying an additional 107 shares in the last quarter. Quent Capital LLC bought a new position in shares of Hyatt Hotels in the 3rd quarter valued at about $34,000. Measured Wealth Private Client Group LLC purchased a new position in Hyatt Hotels in the third quarter worth about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Hyatt Hotels during the fourth quarter worth approximately $37,000. 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.