Analysts Set Hyatt Hotels Corporation (NYSE:H) Price Target at $152.68

Key Points

• Analysts have given Hyatt Hotels Corporation an average recommendation of "Moderate Buy", with 9 buy ratings and 2 strong buy ratings among the 20 analysts covering the company.
• Hyatt's most recent quarterly earnings showed $1.81 billion in revenue, exceeding analysts’ expectations of $1.74 billion, and reported an earnings per share of $0.68 which surpassed the consensus estimate of $0.62.
• The company recently announced a quarterly dividend of $0.15, yielding 0.4%, paid on September 10th to investors of record as of August 27th.

Shares of Hyatt Hotels Corporation (NYSE:H - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $152.6842.

A number of research analysts have recently commented on H shares. Robert W. Baird boosted their price target on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Wall Street Zen lowered shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Raymond James Financial upgraded shares of 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 report on Tuesday, July 1st. Finally, Truist Financial boosted their price target on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd.

Hyatt Hotels Stock Performance

Hyatt Hotels stock traded up $0.22 during mid-day trading on Tuesday, reaching $142.98. The company's stock had a trading volume of 766,084 shares, compared to its average volume of 725,110. Hyatt Hotels has a 12-month low of $102.43 and a 12-month high of $168.20. The company has a market capitalization of $13.65 billion, a P/E ratio of 33.96, a PEG ratio of 2.25 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. The firm's fifty day moving average price is $143.14 and its two-hundred day moving average price is $132.51.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same period in the previous year, the business earned $1.53 EPS. Sell-side analysts predict that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels's payout ratio is currently 14.25%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total value of $587,395.00. Following the completion of the sale, the insider directly owned 16,756 shares of the company's stock, valued at $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 23.70% of the stock is owned by corporate insiders.

Institutional Trading of Hyatt Hotels

Hedge funds have recently added to or reduced their stakes in the business. Bernard Wealth Management Corp. bought a new stake in Hyatt Hotels in the fourth quarter worth $26,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Hyatt Hotels during the first quarter valued at about $31,000. MAI Capital Management raised its stake in shares of Hyatt Hotels by 53.4% during the second quarter. MAI Capital Management now owns 270 shares of the company's stock valued at $38,000 after acquiring an additional 94 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Hyatt Hotels by 18,500.0% during the second quarter. Hantz Financial Services Inc. now owns 372 shares of the company's stock valued at $52,000 after acquiring an additional 370 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

Hyatt Hotels Company Profile

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.