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

Key Points

• Barclays raised its Hyatt Hotels price target to $202 from $201 and maintained an “overweight” rating, implying approximately 18.8% upside from the prior close.
• Analyst sentiment remains positive overall: 11 analysts rate the stock a Buy and six rate it Hold, producing a “Moderate Buy” consensus and an average target price of $197.38.
• Hyatt reported quarterly earnings of $1.12 per share, beating estimates of $0.91, while revenue reached $1.83 billion and increased 1.2% year over year.

Hyatt Hotels (NYSE:H - Get Free Report) had its price target upped by research analysts at Barclays from $201.00 to $202.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target points to a potential upside of 18.79% from the company's previous close.

A number of other research analysts also recently weighed in on H. Robert W. Baird reduced their target price on shares of Hyatt Hotels from $198.00 to $191.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of Hyatt Hotels in a research note on Monday, September 21st. Wells Fargo & Company lifted their price target on shares of Hyatt Hotels from $182.00 to $186.00 and gave the stock an "equal weight" rating in a report on Thursday, July 16th. JPMorgan Chase & Co. dropped their price objective on Hyatt Hotels from $215.00 to $209.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Finally, Freedom Broker assumed coverage on Hyatt Hotels in a report on Wednesday. They set a "buy" rating and a $192.00 price objective for the company. Eleven investment 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.38.

Hyatt Hotels Stock Performance

Shares of NYSE:H traded up $1.14 during midday trading on Friday, reaching $170.05. The company had a trading volume of 673,817 shares, compared to its average volume of 839,851. The company's 50 day moving average price is $166.23 and its 200 day moving average price is $173.83. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. The stock has a market cap of $16.03 billion, a P/E ratio of 207.22 and a beta of 1.40. Hyatt Hotels has a 52-week low of $134.18 and a 52-week high of $206.86.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Hyatt Hotels will post 3.54 EPS for the current fiscal year.

Insider Activity at Hyatt Hotels

In related news, insider Amar Lalvani sold 1,364 shares of the company's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $163.06, for a total transaction of $222,413.84. Following the sale, the insider directly owned 4,894 shares in the company, valued at approximately $798,015.64. This represents a 21.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan Kronick sold 1,700 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the transaction, the director directly owned 29,525 shares of the company's stock, valued at approximately $5,310,957. This trade represents a 5.44% 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 own 23.60% of the company's stock.

Institutional Investors Weigh In On Hyatt Hotels

Several institutional investors have recently made changes to their positions in H. Raiffeisen Bank International AG grew its position in shares of Hyatt Hotels by 140.8% in the second quarter. Raiffeisen Bank International AG now owns 171 shares of the company's stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Hyatt Hotels during the 2nd quarter worth about $39,000. Evelyn Partners Asset Management Ltd bought a new position in Hyatt Hotels in the 1st quarter worth about $38,000. Versant Capital Management Inc boosted its stake in Hyatt Hotels by 16.1% in the 3rd quarter. Versant Capital Management Inc now owns 475 shares of the company's stock worth $75,000 after purchasing an additional 66 shares during the period. Finally, Allworth Financial LP boosted its stake in Hyatt Hotels by 31.5% in the 2nd quarter. Allworth Financial LP now owns 634 shares of the company's stock worth $123,000 after purchasing an additional 152 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 manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.

The company's portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.

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