Hyatt Hotels (NYSE:H) Raised to Overweight at Morgan Stanley

Key Points

• Morgan Stanley upgraded Hyatt Hotels from an "equal weight" to an "overweight" rating, with a price target of $168.00, indicating a potential upside of 12.39% from the current stock price.
• Hyatt Hotels reported $0.68 earnings per share, surpassing analyst expectations of $0.62, and generated $1.81 billion in revenue for the quarter.
• Multiple analysts have rated the stock, contributing to an overall average rating of "Moderate Buy" and an average target price of $154.76.

Hyatt Hotels (NYSE:H - Get Free Report) was upgraded by equities researchers at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm presently has a $168.00 price objective on the stock. Morgan Stanley's price target indicates a potential upside of 12.39% from the stock's current price.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Truist Financial upped their target price on Hyatt Hotels from $140.00 to $159.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Raymond James Financial upgraded Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price on the stock in a report on Tuesday, July 1st. Barclays lowered their price target on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Hyatt Hotels has an average rating of "Moderate Buy" and an average target price of $154.76.

Hyatt Hotels Price Performance

H stock opened at $149.47 on Wednesday. The stock has a 50-day moving average price of $143.52 and a two-hundred day moving average price of $135.54. Hyatt Hotels has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The stock has a market cap of $14.27 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 2.33 and a beta of 1.41.

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

Insider Buying and Selling at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of Hyatt Hotels stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total value of $587,395.00. Following the completion of the transaction, the insider directly owned 16,756 shares of the company's stock, valued at approximately $2,429,620. This trade represents a 19.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 23.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB increased its position in Hyatt Hotels by 86.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company's stock valued at $33,000 after buying an additional 111 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in Hyatt Hotels in the 1st quarter valued at about $31,000. MAI Capital Management increased its position in Hyatt Hotels by 53.4% in the 2nd quarter. MAI Capital Management now owns 270 shares of the company's stock valued at $38,000 after buying an additional 94 shares in the last quarter. Hantz Financial Services Inc. increased its position in Hyatt Hotels by 18,500.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 372 shares of the company's stock valued at $52,000 after buying an additional 370 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in Hyatt Hotels by 33.2% in the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company's stock valued at $54,000 after buying an additional 96 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

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.

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