Hyatt Hotels (NYSE:H) Price Target Raised to $186.00

Hyatt Hotels (NYSE:H) had its target price upped by Wells Fargo & Company from $182.00 to $186.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other analysts have also commented on the company. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Morgan Stanley upped their price objective on Hyatt Hotels from $195.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Robert W. Baird lifted their target price on shares of Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Sanford C. Bernstein boosted 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $196.14.

Hyatt Hotels Trading Up 1.0%

NYSE H opened at $190.62 on Thursday. Hyatt Hotels has a 1 year low of $133.51 and a 1 year high of $206.86. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $17.95 billion, a PE ratio of -544.63 and a beta of 1.32. The company has a fifty day moving average of $187.27 and a 200 day moving average of $169.21.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.46 EPS. Research analysts forecast that Hyatt Hotels will post 3.58 earnings per share for the current year.

Insider Buying and Selling

In other Hyatt Hotels news, insider Peter Sears sold 10,217 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the transaction, the insider owned 6,374 shares of the company’s stock, valued at approximately $1,183,396.84. The trade was a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 1,119 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. The SEC filing for this sale provides additional information. Insiders have sold 23,224 shares of company stock valued at $4,173,605 over the last ninety days. 23.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of H. Veritas Asset Management LLP raised its stake in shares of Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after acquiring an additional 1,695,616 shares during the period. Wellington Management Group LLP increased its holdings in Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares during the last quarter. Bank of America Corp DE raised its position in Hyatt Hotels by 84.5% in the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares during the period. Par Capital Management Inc. raised its position in Hyatt Hotels by 551.8% in the second quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock valued at $51,847,000 after purchasing an additional 314,300 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Hyatt Hotels by 342.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 383,707 shares of the company’s stock worth $61,517,000 after buying an additional 296,931 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

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.