Morgan Stanley Issues Positive Forecast for Hyatt Hotels (NYSE:H) Stock Price

Key Points

• Morgan Stanley raised Hyatt Hotels’ price target to $211 from $209 and maintained an “overweight” rating, implying roughly 30% upside from the prior close.
• Analyst sentiment is broadly positive: Hyatt has a “Moderate Buy” consensus rating, with 10 Buy ratings and six Holds and an average price target of $198.
• Hyatt recently exceeded quarterly earnings expectations, reporting $1.12 in EPS versus the $0.91 consensus and $1.83 billion in revenue, up 1.2% year over year.

Hyatt Hotels (NYSE:H - Get Free Report) had its target price upped by research analysts at Morgan Stanley from $209.00 to $211.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's target price would suggest a potential upside of 30.25% from the stock's previous close.

Several other equities analysts also recently commented on H. Wells Fargo & Company boosted their price target on shares of Hyatt Hotels from $182.00 to $186.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 16th. Susquehanna lifted their price target on shares of Hyatt Hotels from $180.00 to $185.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Barclays decreased their price objective on shares of Hyatt Hotels from $220.00 to $201.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Wolfe Research assumed coverage on Hyatt Hotels in a research report on Wednesday, September 2nd. They set an "outperform" rating and a $203.00 price objective for the company. Finally, Truist Financial upped their price target on Hyatt Hotels from $187.00 to $198.00 and gave the company a "buy" rating in a report on Thursday, September 10th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Hyatt Hotels presently has a consensus rating of "Moderate Buy" and a consensus price target of $198.00.

Hyatt Hotels Trading Up 0.0%

Shares of Hyatt Hotels stock traded up $0.06 during mid-day trading on Monday, hitting $162.00. The stock had a trading volume of 184,538 shares, compared to its average volume of 838,955. The firm has a 50-day moving average of $167.24 and a two-hundred day moving average of $173.33. Hyatt Hotels has a 12-month low of $134.18 and a 12-month 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 has a market cap of $15.27 billion, a P/E ratio of 197.60 and a beta of 1.40.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. Hyatt Hotels's revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that Hyatt Hotels will post 3.54 earnings per share for the current year.

Insider Transactions at Hyatt Hotels

In related news, insider Amar Lalvani sold 1,364 shares of the business's stock in a transaction dated 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 owned 4,894 shares of the company's stock, valued at approximately $798,015.64. The trade was a 21.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan 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 sale, the director directly owned 29,525 shares in the company, valued at $5,310,957. This trade represents a 5.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 23.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Raiffeisen Bank International AG increased its stake 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 worth $34,000 after buying an additional 100 shares during the last quarter. Evelyn Partners Asset Management Ltd bought a new stake in shares of Hyatt Hotels in the 1st quarter valued at approximately $38,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Hyatt Hotels during the 2nd quarter valued at approximately $39,000. Versant Capital Management Inc boosted its holdings in Hyatt Hotels by 16.1% in the third 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, Oslo Pensjonsforsikring AS bought a new position in shares of Hyatt Hotels in the 1st quarter worth about $94,000. Institutional investors and hedge funds 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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