JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its price objective increased by JPMorgan Chase & Co. from $205.00 to $215.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 14.75% from the stock’s current price.

Several other analysts also recently commented on H. Mizuho increased their target price on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Wednesday, June 24th. Morgan Stanley increased their price objective on shares of Hyatt Hotels from $208.00 to $218.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research report on Thursday, June 4th. Finally, Robert W. Baird boosted their target price on Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Moderate Buy” and a consensus target price of $198.29.

Hyatt Hotels Trading Down 1.1%

Shares of Hyatt Hotels stock opened at $187.36 on Tuesday. The stock has a fifty day simple moving average of $188.62 and a 200 day simple moving average of $169.81. Hyatt Hotels has a 12-month low of $133.51 and a 12-month high of $206.86. The company has a market capitalization of $17.64 billion, a P/E 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.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share 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 analysts’ expectations 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 business earned $0.46 EPS. On average, sell-side analysts anticipate that Hyatt Hotels will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total value of $195,276.69. Following the sale, the director owned 31,225 shares of the company’s stock, valued at $5,449,074.75. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Udell sold 8,682 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $172.00, for a total transaction of $1,493,304.00. Following the sale, the insider owned 13,338 shares in the company, valued at $2,294,136. The trade was a 39.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,224 shares of company stock worth $4,173,605 over the last three months. Company insiders own 23.60% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of large investors have recently made changes to their positions in H. Fifth Third Wealth Advisors LLC boosted its holdings in Hyatt Hotels by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock valued at $210,000 after purchasing an additional 60 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Hyatt Hotels by 1.0% in the first quarter. Pacer Advisors Inc. now owns 6,625 shares of the company’s stock worth $953,000 after purchasing an additional 67 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Hyatt Hotels by 18.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock worth $74,000 after buying an additional 72 shares in the last quarter. Allworth Financial LP raised its position in shares of Hyatt Hotels by 17.8% in the third quarter. Allworth Financial LP now owns 483 shares of the company’s stock worth $69,000 after buying an additional 73 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Hyatt Hotels by 3.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock valued at $372,000 after buying an additional 79 shares during the period. 73.54% of the stock is owned by 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.