Hyatt Hotels (NYSE:H) Downgraded to Strong Sell Rating by Wall Street Zen

Key Points

• Hyatt Hotels has been downgraded from a "hold" rating to a "strong sell" by Wall Street Zen, indicating a shift in investor sentiment towards the stock.
• Various analysts have differing views on the stock, with ratings ranging from "strong sell" to "strong buy," leading to a consensus rating of "Moderate Buy" with a price target of $152.26.
• Hyatt's recent earnings report revealed $1.81 billion in revenue and $0.68 earnings per share, surpassing analyst expectations.

Hyatt Hotels (NYSE:H - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "strong sell" rating in a note issued to investors on Sunday.

A number of other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Robert W. Baird boosted their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Macquarie lowered their target price on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Evercore ISI lowered their target price on Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Melius Research upgraded Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.26.

Hyatt Hotels Stock Performance

NYSE:H opened at $141.24 on Friday. The stock has a market capitalization of $13.48 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.12 and a beta of 1.46. The stock has a 50-day moving average price of $141.44 and a 200 day moving average price of $133.59. The company has a current ratio of 0.70, a quick ratio of 0.98 and a debt-to-equity ratio of 1.45. Hyatt Hotels has a 12-month low of $102.43 and a 12-month high of $168.20.

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

Insiders Place Their Bets

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $132.70, for a total transaction of $132,700.00. Following the transaction, the director owned 498 shares in the company, valued at approximately $66,084.60. This represents a 66.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total value of $216,000.00. Following the transaction, the director owned 37,825 shares in the company, valued at $5,106,375. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,491 shares of company stock worth $870,211. Company insiders own 23.70% of the company's stock.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently made changes to their positions in H. Long Pond Capital LP purchased a new position in Hyatt Hotels during the first quarter worth approximately $191,922,000. Bank of America Corp DE lifted its position in Hyatt Hotels by 84.5% during the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company's stock worth $171,545,000 after buying an additional 562,611 shares in the last quarter. GRS Advisors LLC purchased a new position in Hyatt Hotels during the second quarter worth approximately $74,264,000. Principal Financial Group Inc. lifted its position in Hyatt Hotels by 16.4% during the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock worth $384,132,000 after buying an additional 441,417 shares in the last quarter. Finally, Mane Global Capital Management LP purchased a new stake in shares of Hyatt Hotels in the 2nd quarter valued at approximately $47,007,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.