Hyatt Hotels (NYSE:H) Price Target Lowered to $160.00 at Evercore ISI

Hyatt Hotels (NYSE:H - Get Free Report) had its price objective reduced by analysts at Evercore ISI from $175.00 to $160.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Evercore ISI's price target would suggest a potential upside of 30.08% from the stock's previous close.

Other equities research analysts also recently issued reports about the company. Macquarie decreased their target price on Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, February 14th. Truist Financial reduced their target price on Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group dropped their price target on Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. The Goldman Sachs Group reissued a "sell" rating and issued a $110.00 price objective (down previously from $150.00) on shares of Hyatt Hotels in a research note on Monday, April 14th. Finally, Morgan Stanley lowered their target price on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Hyatt Hotels presently has an average rating of "Hold" and an average price target of $151.17.

Hyatt Hotels Stock Up 3.6 %

Shares of NYSE:H traded up $4.32 on Friday, reaching $123.00. The company had a trading volume of 1,583,520 shares, compared to its average volume of 662,334. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $11.83 billion, a P/E ratio of 9.89 and a beta of 1.36. The stock has a 50-day moving average price of $120.25 and a 200 day moving average price of $142.83. Hyatt Hotels has a twelve month low of $102.43 and a twelve month high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.16. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, equities analysts expect that Hyatt Hotels will post 3.05 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares in the company, valued at $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the transaction, the insider now owns 9,337 shares in the company, valued at $1,090,561.60. This trade represents a 51.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,600 shares of company stock valued at $1,517,798. 23.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hyatt Hotels

Large investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in Hyatt Hotels by 2.3% in the 3rd quarter. Barclays PLC now owns 45,648 shares of the company's stock valued at $6,946,000 after acquiring an additional 1,032 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Hyatt Hotels in the third quarter worth $1,048,000. Tidal Investments LLC bought a new position in Hyatt Hotels in the third quarter valued at $273,000. Synovus Financial Corp increased its stake in Hyatt Hotels by 15.4% in the 3rd quarter. Synovus Financial Corp now owns 3,492 shares of the company's stock valued at $531,000 after buying an additional 467 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company's stock worth $32,000 after buying an additional 175 shares in the last quarter. 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.