Barclays Lowers Hyatt Hotels (NYSE:H) Price Target to $156.00

Key Points

• Barclays has lowered its price target for Hyatt Hotels from $158.00 to $156.00, maintaining an "equal weight" rating on the stock, which suggests a potential upside of 13.95% from its last close.
• The recent earnings report revealed that Hyatt Hotels exceeded analysts' expectations with $0.68 earnings per share, compared to estimates of $0.62.
• Hyatt Hotels has received mixed ratings from analysts, with two sell ratings, eight hold ratings, nine buy ratings, and two strong buy ratings, resulting in a consensus price target of $152.26.

Hyatt Hotels (NYSE:H - Get Free Report) had its target price dropped by analysts at Barclays from $158.00 to $156.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential upside of 14.91% from the stock's current price.

A number of other equities research analysts have also weighed in on H. Morgan Stanley decreased their target price on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group raised their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a research note on Friday, May 2nd. Macquarie lowered their target price on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Raymond James Financial upgraded Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price for the company in a research note on Tuesday, July 1st. Finally, Stifel Nicolaus cut their price objective on Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $152.26.

Hyatt Hotels Price Performance

Shares of NYSE H traded down $3.35 during mid-day trading on Friday, hitting $135.75. 1,280,478 shares of the company's stock traded hands, compared to its average volume of 947,295. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. Hyatt Hotels has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a market capitalization of $12.96 billion, a P/E ratio of 32.25, a PEG ratio of 2.29 and a beta of 1.46. The company's 50-day moving average is $140.48 and its two-hundred day moving average is $133.97.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.59%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company posted $1.53 EPS. On average, equities analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Insider Transactions at Hyatt Hotels

In related news, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average cost of $13.50 per share, with a total value of $13,453,924.50. Following the transaction, the insider owned 117,077,441 shares of the company's stock, valued at $1,580,545,453.50. The trade was a 0.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jnp Parachute Mirror Trust K sold 44,466 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total transaction of $5,902,861.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 371,111 shares of company stock valued at $49,273,516. 23.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several large investors have recently modified their holdings of the business. State of Alaska Department of Revenue raised its position in Hyatt Hotels by 127.9% in the first quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock worth $1,346,000 after acquiring an additional 6,170 shares during the period. Bridges Investment Management Inc. lifted its holdings in shares of Hyatt Hotels by 87.0% in the 1st quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company's stock worth $995,000 after acquiring an additional 3,778 shares during the last quarter. TT International Asset Management LTD increased its stake in shares of Hyatt Hotels by 10.0% during the first quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock valued at $4,535,000 after buying an additional 3,360 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Hyatt Hotels during the 1st quarter valued at $488,000. Finally, U S Global Investors Inc. bought a new stake in Hyatt Hotels in the first quarter worth $490,000. Institutional investors own 73.54% of the company's stock.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.