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

Hyatt Hotels (NYSE:H) had its price objective hoisted by investment analysts at Truist Financial from $168.00 to $181.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 27.09% from the company’s current price.

A number of other equities research analysts also recently commented on H. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 29th. Evercore reissued an “in-line” rating and set a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a research report on Thursday, January 22nd. Citigroup lifted their price objective on shares of Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Morgan Stanley dropped their price objective on shares of Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, March 10th. Finally, The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a report on Wednesday, January 14th. They set a “buy” rating and a $198.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.67.

Hyatt Hotels Stock Down 2.4%

H stock opened at $142.42 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. Hyatt Hotels has a 52 week low of $102.43 and a 52 week high of $180.53. The stock has a market capitalization of $13.45 billion, a PE ratio of -254.31, a price-to-earnings-growth ratio of 1.72 and a beta of 1.22. The firm has a 50 day moving average of $157.84 and a 200 day moving average of $154.88.

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

Insider Buying and Selling at Hyatt Hotels

In related news, insider Kinsey Wolf sold 400 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $147.28, for a total value of $58,912.00. Following the completion of the sale, the insider owned 545 shares of the company’s stock, valued at approximately $80,267.60. The trade was a 42.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Veritas Asset Management LLP increased its position in shares of Hyatt Hotels by 827.9% during the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after purchasing an additional 1,695,616 shares in the last quarter. Wellington Management Group LLP boosted its stake in Hyatt Hotels by 48.0% during the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after purchasing an additional 1,516,554 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after buying an additional 843,121 shares in the last quarter. Bank of America Corp DE grew its holdings 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 buying an additional 562,611 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of 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 valued at $392,548,000 after buying an additional 545,003 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

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.