Hyatt Hotels (NYSE:H) Price Target Cut to $112.00 by Analysts at Morgan Stanley

Hyatt Hotels (NYSE:H - Free Report) had its target price reduced by Morgan Stanley from $127.00 to $112.00 in a research note published on Tuesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms have also commented on H. Susquehanna upped their target price on Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Wells Fargo & Company cut their price objective on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Macquarie lowered their target price on shares of Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, February 14th. Barclays cut their price target on shares of Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $110.00 price objective (down from $150.00) on shares of Hyatt Hotels in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hyatt Hotels has a consensus rating of "Hold" and a consensus target price of $151.83.

Hyatt Hotels Trading Down 0.0 %

Shares of Hyatt Hotels stock traded down $0.05 during mid-day trading on Tuesday, hitting $112.80. 445,347 shares of the stock were exchanged, compared to its average volume of 647,461. The company has a 50-day simple moving average of $122.83 and a 200 day simple moving average of $144.18. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $10.85 billion, a price-to-earnings ratio of 9.07 and a beta of 1.35. Hyatt Hotels has a twelve month low of $102.43 and a twelve month high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.22). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter last year, the business posted $0.64 EPS. Research analysts forecast that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels's dividend payout ratio is presently 4.82%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the transaction, the director now owns 37,927 shares of the company's stock, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kinsey Wolf sold 1,000 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following 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 90 days. 23.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors have recently modified their holdings of the stock. U S Global Investors Inc. bought a new stake in shares of Hyatt Hotels in the 1st quarter valued at approximately $490,000. Bessemer Group Inc. increased its stake in Hyatt Hotels by 17.7% during the first quarter. Bessemer Group Inc. now owns 2,279 shares of the company's stock valued at $279,000 after purchasing an additional 343 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Hyatt Hotels by 5.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock worth $256,000 after purchasing an additional 110 shares during the period. TT International Asset Management LTD lifted its position in shares of Hyatt Hotels by 10.0% in the 1st quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock worth $4,535,000 after buying an additional 3,360 shares during the last quarter. Finally, Covea Finance boosted its holdings in shares of Hyatt Hotels by 41.6% in the 1st quarter. Covea Finance now owns 17,700 shares of the company's stock valued at $2,168,000 after buying an additional 5,200 shares during the period. Institutional investors and hedge funds own 73.54% of the company's stock.

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.