Hyatt Hotels (NYSE:H) Price Target Lowered to $209.00 at Morgan Stanley

Key Points

• Morgan Stanley lowered Hyatt Hotels’ price target from $218 to $209 while maintaining an “overweight” rating, implying approximately 15% upside from the stock’s $181.74 opening price.
• Analyst sentiment remains favorable: nine analysts rate Hyatt a Buy and six rate it a Hold, producing a consensus “Moderate Buy” rating and an average target price of $196.64.
• Hyatt exceeded quarterly expectations, reporting earnings of $1.12 per share versus the $0.91 consensus and revenue of $1.83 billion versus $1.82 billion expected.

Hyatt Hotels (NYSE:H - Get Free Report) had its target price reduced by equities research analysts at Morgan Stanley from $218.00 to $209.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 15.00% from the stock's current price.

Several other analysts have also recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Hyatt Hotels from $215.00 to $209.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Sanford C. Bernstein upped their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an "outperform" rating in a research report on Friday, May 15th. HSBC raised shares of Hyatt Hotels from a "hold" rating to a "buy" rating and set a $212.00 target price on the stock in a research note on Thursday, June 4th. Robert W. Baird cut their price target on shares of Hyatt Hotels from $198.00 to $191.00 and set a "neutral" rating for the company in a research note on Monday, August 3rd. Finally, Susquehanna increased their price target on shares of Hyatt Hotels from $180.00 to $185.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.64.

Hyatt Hotels Price Performance

NYSE H opened at $181.74 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The company has a market cap of $17.13 billion, a PE ratio of 221.64 and a beta of 1.33. Hyatt Hotels has a 52 week low of $134.18 and a 52 week high of $206.86. The firm's 50-day simple moving average is $188.63 and its two-hundred day simple moving average is $171.59.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.91 by $0.21. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. Hyatt Hotels's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. Research analysts predict that Hyatt Hotels will post 3.58 earnings per share for the current year.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,119 shares of Hyatt Hotels stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total transaction of $195,276.69. Following the transaction, the director directly owned 31,225 shares of the company's stock, valued at approximately $5,449,074.75. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Cary D. Mcmillan sold 1,119 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total transaction of $195,780.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 14,542 shares of company stock worth $2,680,301. 23.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently made changes to their positions in the business. Johnson Financial Group Inc. boosted its position in Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company's stock valued at $25,000 after buying an additional 144 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Hyatt Hotels in the 4th quarter valued at about $26,000. DV Equities LLC purchased a new stake in Hyatt Hotels during the 4th quarter valued at about $32,000. Ares Financial Consulting LLC bought a new position in Hyatt Hotels during the 4th quarter worth approximately $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Hyatt Hotels in the 3rd quarter worth approximately $34,000. Institutional investors own 73.54% of the company's stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation NYSE: H is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt's business model combines property ownership, management contracts and third-party franchising.

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