Hyatt Hotels (NYSE:H) Coverage Initiated at Wolfe Research

Key Points

• Wolfe Research initiated coverage of Hyatt Hotels with an “outperform” rating and a $203 price target, implying approximately 24.8% upside from the stock’s $162.69 opening price.
• Analyst sentiment is broadly positive: Hyatt has 10 Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $197.07.
• Hyatt exceeded quarterly expectations, reporting $1.12 in earnings per share versus the $0.91 consensus estimate and $1.83 billion in revenue versus $1.82 billion expected.

Research analysts at Wolfe Research began coverage on shares of Hyatt Hotels (NYSE:H - Get Free Report) in a report issued on Wednesday, Benzinga reports. The brokerage set an "outperform" rating and a $203.00 price target on the stock. Wolfe Research's price objective would suggest a potential upside of 24.78% from the company's current price.

A number of other research firms have also weighed in on H. Mizuho lifted their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an "outperform" rating in a research note on Friday, May 29th. Morgan Stanley dropped their target price on Hyatt Hotels from $218.00 to $209.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 18th. Stifel Nicolaus set a $182.00 price target on Hyatt Hotels in a research report on Friday, May 29th. Wall Street Zen upgraded Hyatt Hotels from a "sell" rating to a "hold" rating in a research note on Saturday, May 23rd. Finally, Truist Financial increased their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $197.07.

Hyatt Hotels Price Performance

NYSE H opened at $162.69 on Wednesday. The company has a market cap of $15.33 billion, a PE ratio of 198.40 and a beta of 1.34. Hyatt Hotels has a 52 week low of $134.18 and a 52 week high of $206.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The firm's 50-day simple moving average is $183.69 and its two-hundred day simple moving average is $172.76.

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

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,700 shares of the business'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 value of $305,796.00. Following the completion of the sale, the director owned 29,525 shares in the company, valued at $5,310,957. The trade was a 5.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 23.60% of the company's stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds have recently made changes to their positions in H. Los Angeles Capital Management LLC bought a new position in shares of Hyatt Hotels during the 4th quarter valued at $26,000. Raiffeisen Bank International AG lifted its stake in Hyatt Hotels by 140.8% in the second quarter. Raiffeisen Bank International AG now owns 171 shares of the company's stock worth $34,000 after purchasing an additional 100 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company's stock worth $25,000 after purchasing an additional 144 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Hyatt Hotels during the second quarter valued at about $39,000. Finally, DV Equities LLC bought a new position in shares of Hyatt Hotels during the fourth quarter valued at about $32,000. 73.54% of the stock is currently 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.

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