Hyatt Hotels Corporation (NYSE:H) Stock Has Average Target Price of $197.56 According to Analysts

Hyatt Hotels Corporation (NYSE:H - Get Free Report) has received a consensus rating of "Moderate Buy" from the seventeen brokerages that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $197.56.

H has been the subject of a number of analyst reports. Susquehanna reduced their price target on Hyatt Hotels from $185.00 to $180.00 and set a "neutral" rating for the company in a research report on Tuesday, October 13th. Wells Fargo & Company boosted their price objective on Hyatt Hotels from $184.00 to $189.00 and gave the company an "equal weight" rating in a research note on Monday. Barclays increased their target price on shares of Hyatt Hotels from $201.00 to $202.00 and gave the stock an "overweight" rating in a report on Friday, October 16th. Wolfe Research initiated coverage on shares of Hyatt Hotels in a report on Wednesday, September 2nd. They set an "outperform" rating and a $203.00 price target on the stock. Finally, Truist Financial upped their price target 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.

Hyatt Hotels Trading Up 2.3%

NYSE:H opened at $175.91 on Wednesday. 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 firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 214.52 and a beta of 1.40. Hyatt Hotels has a one year low of $134.18 and a one year high of $206.86. The business has a fifty day moving average price of $166.16 and a 200-day moving average price of $174.46.

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

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, August 27th. Hyatt Hotels's dividend payout ratio (DPR) is presently 73.17%.

Insiders Place Their Bets

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of the stock in a transaction 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 sale, the director owned 29,525 shares in the company, valued at approximately $5,310,957. This represents a 5.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the firm's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $163.06, for a total value of $222,413.84. Following the sale, the insider directly owned 4,894 shares in the company, valued at approximately $798,015.64. This represents a 21.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 23.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in Hyatt Hotels by 19.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 296,133 shares of the company's stock valued at $42,608,000 after buying an additional 48,002 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Hyatt Hotels in the second quarter worth $56,408,000. Amundi lifted its holdings 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. Quantinno Capital Management LP lifted its holdings in shares of Hyatt Hotels by 5.2% in the first quarter. Quantinno Capital Management LP now owns 158,946 shares of the company's stock worth $22,855,000 after buying an additional 7,835 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Hyatt Hotels by 6.4% during the first quarter. Swiss National Bank now owns 122,700 shares of the company's stock worth $17,643,000 after acquiring an additional 7,400 shares during the last quarter. Institutional investors own 73.54% of the company's stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.

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