Hyatt Hotels (NYSE:H) Stock Price Expected to Rise, Citigroup Analyst Says

Hyatt Hotels (NYSE:H) had its price target raised by analysts at Citigroup from $167.00 to $195.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 15.95% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on H. Morgan Stanley lifted their price target on shares of Hyatt Hotels from $168.00 to $194.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Truist Financial lifted their target price on shares of Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, December 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $188.00 price target on shares of Hyatt Hotels in a research note on Friday, January 2nd. Finally, Evercore reiterated an “in-line” rating and set a $175.00 price objective (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.06.

Hyatt Hotels Trading Up 0.1%

H stock opened at $168.18 on Wednesday. Hyatt Hotels has a 52-week low of $102.43 and a 52-week high of $180.53. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. The firm has a market cap of $15.97 billion, a P/E ratio of -300.32, a PEG ratio of 2.00 and a beta of 1.27. The company’s 50-day simple moving average is $164.20 and its 200-day simple moving average is $152.75.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $1.04. The firm 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 quarter in the previous year, the business earned $0.42 EPS. As a group, equities analysts forecast that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider David Udell sold 4,300 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total transaction of $713,800.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Javier Aguila sold 9,548 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the sale, the insider owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. The trade was a 78.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Johnson Financial Group Inc. increased its holdings in Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after purchasing an additional 144 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Hyatt Hotels during the fourth quarter worth approximately $26,000. EverSource Wealth Advisors LLC raised its holdings in Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after acquiring an additional 107 shares in the last quarter. DV Equities LLC acquired a new position in Hyatt Hotels during the 4th quarter worth approximately $32,000. Finally, Quent Capital LLC purchased a new stake in shares of Hyatt Hotels in the 3rd quarter valued at approximately $34,000. 73.54% of the stock is currently owned by hedge funds and other 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.