Hyatt Hotels (NYSE:H) Price Target Raised to $195.00

Key Points

• Morgan Stanley raised its price target on Hyatt to $195 (from $185) and kept an "overweight" rating, implying about a 24.9% upside from the prior close.
• Analyst sentiment is broadly positive—two Strong Buy, ten Buy and five Hold ratings—yielding an average target of $181.43 and an overall "Moderate Buy" consensus.
• Hyatt recently beat earnings with $1.33 EPS versus a $0.29 estimate; the stock trades around $156 with a 52-week range of $102.93–$180.53, market cap about $14.8B.

Hyatt Hotels (NYSE:H - Get Free Report) had its target price hoisted by investment analysts at Morgan Stanley from $185.00 to $195.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's price target suggests a potential upside of 24.91% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. Wells Fargo & Company boosted their target price on Hyatt Hotels from $167.00 to $171.00 and gave the company an "equal weight" rating in a research report on Friday, February 13th. Citigroup boosted their target price on Hyatt Hotels from $167.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, February 18th. Truist Financial boosted their target price on Hyatt Hotels from $168.00 to $181.00 and gave the company a "buy" rating in a research report on Thursday, March 26th. JPMorgan Chase & Co. upped their price objective on Hyatt Hotels from $178.00 to $179.00 and gave the company an "overweight" rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen raised Hyatt Hotels from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $181.43.

Hyatt Hotels Stock Performance

NYSE H opened at $156.11 on Friday. The company has a market cap of $14.75 billion, a P/E ratio of -278.77, a P/E/G ratio of 1.80 and a beta of 1.28. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. The business's 50 day moving average price is $154.97 and its 200-day moving average price is $155.07. Hyatt Hotels has a fifty-two week low of $102.93 and a fifty-two week high of $180.53.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $1.04. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same quarter in the previous year, the company posted $0.42 EPS. Sell-side analysts predict that Hyatt Hotels will post 3.05 earnings per share for the current year.

Insider Buying and Selling

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the company's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total value of $58,912.00. Following the transaction, the insider owned 545 shares of the company's stock, valued at $80,267.60. This represents a 42.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 23.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds have recently made changes to their positions in H. Johnson Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company's stock worth $25,000 after buying an additional 144 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Hyatt Hotels in the 4th quarter worth $26,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Hyatt Hotels by 98.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company's stock worth $31,000 after buying an additional 107 shares during the period. DV Equities LLC purchased a new stake in shares of Hyatt Hotels in the 4th quarter worth $32,000. Finally, Quent Capital LLC purchased a new stake in shares of Hyatt Hotels in the 3rd quarter worth $34,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

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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