Hyatt Hotels (NYSE:H) Stock Rating Upgraded by Citigroup

Key Points

• Hyatt Hotels was upgraded by Citigroup from a "neutral" rating to a "buy" rating, raising the price target from $138.00 to $167.00, indicating a potential upside of 15.07% from the current price.
• Multiple brokerages have varying ratings for Hyatt Hotels, with a consensus rating of "Moderate Buy" and a consensus price target of $152.68.
• In the latest quarterly earnings, Hyatt reported $0.68 earnings per share, exceeding estimates, with revenues of $1.81 billion also surpassing expectations.

Citigroup upgraded shares of Hyatt Hotels (NYSE:H - Free Report) from a neutral rating to a buy rating in a research note published on Tuesday, Marketbeat.com reports. They currently have $167.00 price objective on the stock, up from their previous price objective of $138.00.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Truist Financial lifted their target price on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Wall Street Zen downgraded shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Robert W. Baird lifted their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Raymond James Financial upgraded shares of 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. Two equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.68.

Hyatt Hotels Stock Down 1.5%

Shares of H stock traded down $2.26 on Tuesday, hitting $143.56. The company's stock had a trading volume of 789,705 shares, compared to its average volume of 804,893. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. Hyatt Hotels has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The firm's fifty day moving average price is $143.77 and its 200-day moving average price is $132.37. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 2.29 and a beta of 1.43.

Hyatt Hotels (NYSE:H - Get Free Report) last released 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. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business earned $1.53 EPS. Research analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels's payout ratio is presently 14.25%.

Insider Transactions at Hyatt Hotels

In related news, Director Cary D. Mcmillan sold 1,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $132.70, for a total value of $132,700.00. Following the sale, the director owned 498 shares of the company's stock, valued at $66,084.60. The trade was a 66.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David Udell sold 4,051 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the sale, the insider directly owned 16,756 shares in the company, valued at approximately $2,429,620. The trade was a 19.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 23.70% of the company's stock.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in Hyatt Hotels by 127.9% in the first quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock valued at $1,346,000 after buying an additional 6,170 shares in the last quarter. Bridges Investment Management Inc. lifted its position in shares of Hyatt Hotels by 87.0% during the first quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company's stock worth $995,000 after purchasing an additional 3,778 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new position in shares of Hyatt Hotels during the first quarter worth approximately $1,155,000. TT International Asset Management LTD lifted its position in shares of Hyatt Hotels by 10.0% during the first quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock worth $4,535,000 after purchasing an additional 3,360 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Hyatt Hotels by 12.7% during the first quarter. Russell Investments Group Ltd. now owns 27,651 shares of the company's stock worth $3,386,000 after purchasing an additional 3,117 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

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.