Hyatt Hotels (NYSE:H) Price Target Raised to $205.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target on Hyatt Hotels from $186 to $205 and kept an overweight rating, implying about 10.7% upside from the current share price.
• Other analysts also turned more positive, with Mizuho lifting its target to $221 and Morgan Stanley raising its target to $195; the stock now carries a Moderate Buy consensus and a $188 average price target.
• Hyatt reported better-than-expected quarterly results, posting EPS of $0.63 versus estimates of $0.57 and revenue of $1.75 billion versus $1.74 billion expected, while the stock traded around $185.22 on Friday.

Hyatt Hotels (NYSE:H - Get Free Report) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $186.00 to $205.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 10.68% from the stock's current price.

A number of other analysts also recently weighed in on the stock. Mizuho increased their target price on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an "outperform" rating in a research report on Friday. Morgan Stanley increased their target price on shares of Hyatt Hotels from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, April 10th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Hyatt Hotels in a research report on Friday, March 27th. Stifel Nicolaus set a $182.00 price objective on shares of Hyatt Hotels in a research report on Friday. Finally, Truist Financial raised their price objective on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a "buy" rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $188.00.

Hyatt Hotels Trading Down 0.1%

NYSE:H traded down $0.25 on Friday, reaching $185.22. 152,319 shares of the stock traded hands, compared to its average volume of 850,868. The firm has a market capitalization of $17.44 billion, a price-to-earnings ratio of -529.19 and a beta of 1.33. The company's 50 day moving average is $160.58 and its 200-day moving average is $160.80. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels has a 1-year low of $127.54 and a 1-year high of $188.50.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same quarter in the prior year, the firm posted $0.46 EPS. Equities research analysts anticipate that Hyatt Hotels will post 3.48 EPS for the current fiscal year.

Insider Activity at Hyatt Hotels

In related news, Director Cary D. Mcmillan sold 1,119 shares of Hyatt Hotels stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total value of $195,780.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of Hyatt Hotels stock in a transaction on Friday, April 17th. The shares were sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the completion of the sale, the insider directly owned 213,434 shares of the company's stock, valued at approximately $35,803,553.50. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 225,154 shares of company stock worth $37,804,562. Corporate insiders own 23.60% of the company's stock.

Institutional Trading of Hyatt Hotels

Several hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in Hyatt Hotels by 14.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company's stock valued at $41,083,000 after buying an additional 32,048 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company's stock valued at $669,221,000 after buying an additional 843,121 shares in the last quarter. Veritas Asset Management LLP purchased a new position in Hyatt Hotels during the 3rd quarter valued at about $29,067,000. JPMorgan Chase & Co. grew its holdings in Hyatt Hotels by 17.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company's stock valued at $20,911,000 after buying an additional 22,071 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Hyatt Hotels by 4.4% during the 3rd quarter. Assetmark Inc. now owns 80,300 shares of the company's stock valued at $11,397,000 after buying an additional 3,387 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

About Hyatt Hotels

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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