Hyatt Hotels Corporation (NYSE:H) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate Hyatt Hotels “Moderate Buy”: Nine of 15 covering brokerages recommend buying the stock, while six rate it a hold. The average 12-month price target is $196.64, above the reported share price of $167.06.
• Hyatt exceeded quarterly expectations, reporting $1.12 earnings per share versus the $0.91 consensus estimate and $1.83 billion in revenue, up 1.2% year over year.
• The company declared a quarterly dividend of $0.15 per share, equivalent to an annualized $0.60 payout and a 0.4% yield.

Hyatt Hotels Corporation (NYSE:H - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $196.6429.

A number of research firms have issued reports on H. Robert W. Baird decreased their price target on shares of Hyatt Hotels from $198.00 to $191.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. Wells Fargo & Company raised their target price on Hyatt Hotels from $182.00 to $186.00 and gave the company an "equal weight" rating in a report on Thursday, July 16th. Truist Financial increased their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. HSBC upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating and set a $212.00 target price for the company in a research note on Thursday, June 4th. Finally, Susquehanna upped their price objective on shares of Hyatt Hotels from $180.00 to $185.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th.

Hyatt Hotels Stock Performance

H stock opened at $167.06 on Tuesday. The firm has a 50 day simple moving average of $184.39 and a 200 day simple moving average of $172.80. Hyatt Hotels has a 52 week low of $134.18 and a 52 week high of $206.86. The stock has a market cap of $15.74 billion, a P/E ratio of 203.73 and a beta of 1.33. 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 (NYSE:H - Get Free Report) last posted its quarterly 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. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business earned $0.68 EPS. The business's quarterly revenue was up 1.2% on a year-over-year basis. Research analysts anticipate that Hyatt Hotels will post 3.54 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels's payout ratio is presently 73.17%.

Insiders Place Their Bets

In related news, Director Susan D. Kronick sold 1,700 shares of the firm'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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 23.60% of the company's stock.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in Hyatt Hotels by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company's stock worth $52,229,000 after buying an additional 29,976 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Hyatt Hotels by 8.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company's stock valued at $17,556,000 after acquiring an additional 11,252 shares during the last quarter. Norges Bank acquired a new stake in shares of Hyatt Hotels in the 2nd quarter valued at approximately $616,000. Daiwa Securities Group Inc. boosted its stake in Hyatt Hotels by 394.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company's stock worth $2,418,000 after acquiring an additional 13,812 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Hyatt Hotels by 61.0% in the second quarter. Sei Investments Co. now owns 68,803 shares of the company's stock valued at $9,609,000 after purchasing an additional 26,073 shares in the last quarter. Institutional investors own 73.54% of the company's stock.

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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