Hyatt Hotels (NYSE:H) Given New $180.00 Price Target at Susquehanna

Key Points

• Susquehanna lowered Hyatt Hotels’ price target to $180 from $185 while maintaining a “neutral” rating, implying approximately 11.6% upside from the stock’s $161.30 price.
• Analyst sentiment remains broadly positive: Hyatt has a “Moderate Buy” consensus rating and an average price target of $197.67, based on 10 Buy and six Hold ratings.
• Hyatt reported quarterly EPS of $1.12, beating estimates of $0.91, while revenue reached $1.83 billion versus the $1.82 billion consensus estimate.

Hyatt Hotels (NYSE:H - Get Free Report) had its price objective dropped by equities researchers at Susquehanna from $185.00 to $180.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Susquehanna's target price would indicate a potential upside of 11.59% from the stock's current price.

Several other equities analysts have also weighed in on H. Weiss Ratings restated a "hold (c-)" rating on shares of Hyatt Hotels in a research report on Monday, September 21st. Truist Financial lifted their price objective on shares of Hyatt Hotels from $187.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, September 10th. 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. JPMorgan Chase & Co. decreased their price target on shares of Hyatt Hotels from $215.00 to $209.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Finally, 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. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $197.67.

Hyatt Hotels Stock Down 0.4%

Shares of NYSE:H opened at $161.30 on Tuesday. The company has a market capitalization of $15.20 billion, a PE ratio of 196.71 and a beta of 1.40. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The business has a fifty day moving average price of $167.03 and a two-hundred day moving average price of $173.44. Hyatt Hotels has a 1 year low of $134.18 and a 1 year high of $206.86.

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

Insider Activity

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the transaction, the director owned 29,525 shares in the company, valued at $5,310,957. This trade represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of Hyatt Hotels stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $163.06, for a total transaction of $222,413.84. Following the completion of the transaction, the insider owned 4,894 shares of the company's stock, valued at $798,015.64. The trade was a 21.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 23.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new position in shares of Hyatt Hotels during the 2nd quarter valued at $56,408,000. Engineers Gate Manager LP bought a new position in shares of Hyatt Hotels in the fourth quarter worth $18,699,000. Amundi raised its position in shares of Hyatt Hotels by 70.9% in the first quarter. Amundi now owns 189,272 shares of the company's stock worth $27,215,000 after buying an additional 78,544 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Hyatt Hotels by 598.1% in the fourth quarter. Hsbc Holdings PLC now owns 74,659 shares of the company's stock worth $12,005,000 after buying an additional 63,965 shares in the last quarter. Finally, Conversant Capital LLC bought a new stake in Hyatt Hotels during the first quarter valued at $8,627,000. 73.54% of the stock is owned by institutional investors.

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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