Hyatt Hotels (NYSE:H) Price Target Raised to $218.00 at Morgan Stanley

Hyatt Hotels (NYSE:H) had its price objective upped by Morgan Stanley from $208.00 to $218.00 in a research note issued to investors on Friday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

H has been the topic of several other research reports. Sanford C. Bernstein raised their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $182.00 target price on shares of Hyatt Hotels in a report on Friday, May 29th. Barclays lifted their price target on shares of Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.14.

Hyatt Hotels Trading Up 1.0%

Shares of Hyatt Hotels stock opened at $190.62 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels has a 1 year low of $133.51 and a 1 year high of $206.86. The company’s fifty day simple moving average is $187.27 and its 200-day simple moving average is $169.21. The company has a market cap of $17.95 billion, a price-to-earnings ratio of -544.63 and a beta of 1.32.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same quarter in the previous year, the firm earned $0.46 EPS. As a group, sell-side analysts expect that Hyatt Hotels will post 3.58 EPS for the current year.

Insider Transactions at Hyatt Hotels

In other news, Director Cary D. Mcmillan sold 1,119 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $174.96, for a total transaction of $195,780.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $174.51, for a total value of $195,276.69. Following the completion of the transaction, the director owned 31,225 shares in the company, valued at $5,449,074.75. This represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,224 shares of company stock valued at $4,173,605 in the last three months. 23.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. E. Ohman J or Asset Management AB increased its holdings in Hyatt Hotels by 75.0% during the second quarter. E. Ohman J or Asset Management AB now owns 1,400 shares of the company’s stock valued at $271,000 after buying an additional 600 shares during the last quarter. Gradient Investments LLC purchased a new position in shares of Hyatt Hotels during the second quarter valued at about $1,580,000. Scott & Selber Inc. bought a new stake in Hyatt Hotels in the second quarter worth $203,000. Cooper Financial Group lifted its position in Hyatt Hotels by 6.2% in the second quarter. Cooper Financial Group now owns 4,934 shares of the company’s stock worth $956,000 after buying an additional 287 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in Hyatt Hotels by 7.3% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 8,230 shares of the company’s stock worth $1,595,000 after buying an additional 560 shares during the period. 73.54% of the stock is owned by 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.