Hyatt Hotels Corporation (NYSE:H) Stock Has Consensus Target Price of $200.62 According to Brokerages

Key Points

• Analysts rate Hyatt Hotels a “Moderate Buy”: Of 17 covering brokerages, 11 recommend buying and six rate the stock Hold; their average 12-month price target is $200.62.
• Quarterly earnings beat expectations: Hyatt reported EPS of $1.27 versus the $0.76 consensus estimate, while revenue of $1.74 billion fell slightly short of forecasts and declined 2.4% year over year.
• Hyatt declared a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a 0.3% yield; payment is scheduled for December 7 to shareholders of record November 23.

Hyatt Hotels Corporation (NYSE:H - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seventeen brokerages that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $200.62.

H has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on shares of Hyatt Hotels from $187.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. JPMorgan Chase & Co. dropped their target price on Hyatt Hotels from $207.00 to $206.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Freedom Broker raised their price target on Hyatt Hotels from $192.00 to $206.00 and gave the company a "buy" rating in a research note on Monday, November 2nd. Barclays lifted their price target on Hyatt Hotels from $202.00 to $207.00 and gave the stock an "overweight" rating in a report on Friday, October 30th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $215.00 price objective on shares of Hyatt Hotels in a research report on Friday, October 30th.

Hyatt Hotels Stock Up 0.1%

H traded up $0.21 on Friday, hitting $187.42. 319,006 shares of the company were exchanged, compared to its average volume of 866,726. The firm has a 50-day moving average price of $168.81 and a two-hundred day moving average price of $170.96. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.05. Hyatt Hotels has a twelve month low of $137.53 and a twelve month high of $206.86. The company has a market cap of $17.50 billion, a price-to-earnings ratio of 97.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.37.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.51. Hyatt Hotels had a return on equity of 11.63% and a net margin of 2.62%. The business had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.75 billion. During the same quarter last year, the business posted ($0.30) EPS. The business's quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities analysts predict that Hyatt Hotels will post 3.76 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be 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 of this dividend is Monday, November 23rd. Hyatt Hotels's dividend payout ratio (DPR) is 31.09%.

Insider Activity at Hyatt Hotels

In related news, insider Amar Lalvani sold 1,364 shares of the company's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $163.06, for a total value of $222,413.84. Following the completion of the transaction, the insider directly owned 4,894 shares of the company's stock, valued at $798,015.64. This represents a 21.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Kronick sold 1,700 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $179.88, for a total value of $305,796.00. Following the completion of the transaction, the director directly owned 29,525 shares of the company's stock, valued at $5,310,957. This trade represents a 5.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds have recently made changes to their positions in H. Jump Financial LLC increased its holdings in shares of Hyatt Hotels by 290.4% in the 3rd quarter. Jump Financial LLC now owns 13,667 shares of the company's stock valued at $2,167,000 after acquiring an additional 10,166 shares during the period. FORA Capital LLC grew its position in Hyatt Hotels by 129.9% during the 3rd quarter. FORA Capital LLC now owns 9,353 shares of the company's stock worth $1,483,000 after purchasing an additional 5,284 shares during the last quarter. Empowered Funds LLC grew its position in Hyatt Hotels by 26.6% during the 3rd quarter. Empowered Funds LLC now owns 1,673 shares of the company's stock worth $265,000 after purchasing an additional 351 shares during the last quarter. Caxton Associates LLP acquired a new position in Hyatt Hotels in the third quarter valued at $379,000. Finally, Steward Partners Investment Advisory LLC increased its stake in Hyatt Hotels by 38.1% in the third quarter. Steward Partners Investment Advisory LLC now owns 424 shares of the company's stock valued at $67,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 73.54% of the company's stock.

About Hyatt Hotels

Hyatt Hotels Corporation is a global hospitality company that develops, owns, leases, manages and franchises hotels, resorts and other lodging properties. Its portfolio includes luxury, lifestyle, full-service, select-service and all-inclusive brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt Place, Andaz, Thompson Hotels and the Inclusive Collection. Hyatt properties serve guests across the Americas, Europe, Asia Pacific, the Middle East and Africa. In addition to accommodations, the company's offerings include dining, wellness, meetings and events, residential properties and vacation ownership.

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