Jefferies Financial Group Issues Pessimistic Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H - Get Free Report) had its target price reduced by investment analysts at Jefferies Financial Group from $161.00 to $120.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price target suggests a potential upside of 10.82% from the stock's current price.

A number of other equities analysts also recently issued reports on the stock. Evercore ISI raised shares of Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 price objective on the stock in a report on Wednesday, March 5th. Truist Financial reduced their price objective on shares of Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Robert W. Baird dropped their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Macquarie reduced their target price on Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, February 14th. Finally, Mizuho dropped their price target on Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating on the stock in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, Hyatt Hotels has an average rating of "Hold" and an average price target of $156.64.

Hyatt Hotels Stock Down 3.8 %

Shares of NYSE:H traded down $4.25 during midday trading on Wednesday, hitting $108.28. 461,088 shares of the company's stock were exchanged, compared to its average volume of 630,634. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $168.20. The company has a market cap of $10.41 billion, a PE ratio of 8.70 and a beta of 1.35. The stock has a 50 day moving average price of $132.17 and a 200-day moving average price of $147.21.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period last year, the company earned $0.64 earnings per share. On average, sell-side analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Insider Transactions at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 10,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the transaction, the insider now owns 9,337 shares of the company's stock, valued at approximately $1,090,561.60. The trade was a 51.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the completion of the sale, the insider now owns 811 shares in the company, valued at $99,712.45. This represents a 55.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,600 shares of company stock valued at $1,517,798 over the last three months. Company insiders own 23.50% of the company's stock.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors have recently added to or reduced their stakes in the business. Bamco Inc. NY grew its holdings in shares of Hyatt Hotels by 1.2% during the fourth quarter. Bamco Inc. NY now owns 5,550,789 shares of the company's stock worth $871,363,000 after purchasing an additional 67,385 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Hyatt Hotels by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company's stock valued at $447,376,000 after purchasing an additional 9,477 shares during the last quarter. Principal Financial Group Inc. grew its stake in Hyatt Hotels by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company's stock worth $422,960,000 after buying an additional 46,413 shares in the last quarter. Bank of Nova Scotia increased its holdings in shares of Hyatt Hotels by 2.2% in the 4th quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company's stock worth $269,532,000 after buying an additional 37,057 shares during the last quarter. Finally, State Street Corp raised its position in shares of Hyatt Hotels by 0.4% during the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company's stock valued at $219,343,000 after buying an additional 6,007 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

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.