Hyatt Hotels (NYSE:H) Price Target Raised to $198.00 at Truist Financial

Key Points

• Truist Financial raised Hyatt Hotels’ price target to $198 from $187 and reiterated a “buy” rating, implying 22.55% upside from the prior close.
• Analyst sentiment remains favorable, with 10 buy ratings and six holds producing a consensus “Moderate Buy” rating and an average target of $197.80.
• Hyatt exceeded quarterly expectations, reporting $1.12 in earnings per share versus the $0.91 consensus estimate and $1.83 billion in revenue, up 1.2% year over year.

Hyatt Hotels (NYSE:H - Get Free Report) had its target price lifted by investment analysts at Truist Financial from $187.00 to $198.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 22.55% from the company's previous close.

H has been the topic of a number of other research reports. Morgan Stanley decreased their target price on shares of Hyatt Hotels from $218.00 to $209.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 18th. Weiss Ratings reissued a "hold (c-)" rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. Robert W. Baird decreased their price objective on shares of Hyatt Hotels from $198.00 to $191.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Barclays dropped their target price on shares of Hyatt Hotels from $220.00 to $201.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. cut their price target on Hyatt Hotels from $215.00 to $209.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.80.

Hyatt Hotels Stock Performance

Shares of NYSE:H traded up $3.33 during midday trading on Thursday, reaching $161.57. 246,777 shares of the company's stock traded hands, compared to its average volume of 845,710. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. Hyatt Hotels has a one year low of $134.18 and a one year high of $206.86. The company has a market cap of $15.23 billion, a price-to-earnings ratio of 197.20 and a beta of 1.34. The stock has a 50 day moving average of $179.88 and a 200 day moving average of $172.60.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.21. The business 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%.Hyatt Hotels's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. As a group, equities research analysts anticipate that Hyatt Hotels will post 3.54 EPS for the current fiscal year.

Insider Activity

In other news, Director Susan Kronick sold 1,700 shares of Hyatt Hotels 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 transaction, the director owned 29,525 shares in the company, valued at approximately $5,310,957. The trade was a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is owned by insiders.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Delta Global Management LP acquired a new position in shares of Hyatt Hotels during the 1st quarter worth about $2,151,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of Hyatt Hotels by 345.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company's stock valued at $1,422,000 after buying an additional 6,877 shares in the last quarter. Accredited Investors Inc. bought a new stake in Hyatt Hotels during the fourth quarter worth $1,146,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Hyatt Hotels by 8,321.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 188,551 shares of the company's stock valued at $30,228,000 after acquiring an additional 186,312 shares during the period. Finally, Fiera Capital Corp lifted its stake in Hyatt Hotels by 33.5% in the 4th quarter. Fiera Capital Corp now owns 324,332 shares of the company's stock valued at $51,997,000 after purchasing an additional 81,308 shares during the last quarter. Hedge funds and other institutional investors 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, franchises and licenses hotels, resorts and other lodging properties. Its portfolio serves business and leisure travelers across a range of price points, from luxury and lifestyle accommodations to full-service and select-service hotels.

The company's brands include Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Place and Hyatt House.

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