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

Hyatt Hotels (NYSE:H) had its target price raised by analysts at Barclays from $200.00 to $220.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 17.42% from the company’s current price.

Other analysts have also issued reports about the stock. Robert W. Baird upped their target price on shares of Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Sanford C. Bernstein boosted their price target on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a report on Thursday, June 4th. Stifel Nicolaus set a $182.00 target price on shares of Hyatt Hotels in a research note on Friday, May 29th. Finally, Wells Fargo & Company lifted their price target on Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $198.29.

Hyatt Hotels Trading Down 1.1%

NYSE:H opened at $187.36 on Tuesday. Hyatt Hotels has a 12-month low of $133.51 and a 12-month high of $206.86. The firm has a market cap of $17.64 billion, a PE ratio of -535.32 and a beta of 1.32. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The stock has a fifty day moving average price of $188.62 and a 200 day moving average price of $169.81.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The company 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 last year, the company earned $0.46 EPS. Sell-side analysts anticipate that Hyatt Hotels will post 3.58 earnings per share for the current fiscal year.

Insider Transactions at Hyatt Hotels

In related news, insider David Udell sold 2,087 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total value of $392,356.00. Following the completion of the sale, the insider owned 16,638 shares in the company, valued at $3,127,944. This represents a 11.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total transaction of $195,276.69. Following the sale, the director owned 31,225 shares of the company’s stock, valued at approximately $5,449,074.75. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 over the last ninety days. 23.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds have recently made changes to their positions in H. Los Angeles Capital Management LLC acquired a new position in Hyatt Hotels in the 4th quarter valued at about $26,000. Johnson Financial Group Inc. lifted its position 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 acquiring an additional 144 shares during the period. DV Equities LLC purchased a new position in shares of Hyatt Hotels in the 4th quarter valued at approximately $32,000. Ares Financial Consulting LLC acquired a new position in shares of Hyatt Hotels in the fourth quarter valued at approximately $34,000. Finally, NewEdge Advisors LLC raised its stake in shares of Hyatt Hotels by 121.4% during the fourth quarter. NewEdge Advisors LLC now owns 228 shares of the company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds 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.