Hyatt Hotels (NYSE:H) PT Raised to $154.00

Hyatt Hotels (NYSE:H - Get Free Report) had its target price lifted by equities researchers at Stifel Nicolaus from $146.00 to $154.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a "hold" rating on the stock. Stifel Nicolaus' target price would indicate a potential downside of 1.89% from the stock's previous close.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Hyatt Hotels from $162.00 to $172.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. Jefferies Financial Group raised their price objective on Hyatt Hotels from $104.00 to $127.00 and gave the company a "hold" rating in a report on Tuesday, January 2nd. Redburn Atlantic downgraded Hyatt Hotels from a "buy" rating to a "neutral" rating and increased their target price for the company from $120.00 to $130.00 in a research report on Tuesday, January 16th. Royal Bank of Canada boosted their price target on Hyatt Hotels from $37.00 to $41.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 14th. Finally, Mizuho assumed coverage on shares of Hyatt Hotels in a report on Tuesday, March 26th. They issued a "buy" rating and a $197.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $140.53.

Hyatt Hotels Price Performance

NYSE:H traded up $1.07 during trading hours on Thursday, reaching $156.96. 374,366 shares of the company were exchanged, compared to its average volume of 695,554. The business has a 50 day moving average of $148.97 and a 200 day moving average of $128.26. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $161.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. The company has a market capitalization of $16.15 billion, a P/E ratio of 76.94, a P/E/G ratio of 22.41 and a beta of 1.49.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the company posted $2.55 earnings per share. Research analysts forecast that Hyatt Hotels will post 3.25 EPS for the current year.

Insiders Place Their Bets

In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Traubert Foundation Pritzker sold 704,229 shares of the firm's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $157.97, for a total transaction of $111,247,055.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total transaction of $200,096,680.00. The disclosure for this sale can be found here. Insiders have sold 2,077,803 shares of company stock valued at $325,526,849 in the last three months. 22.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its holdings in Hyatt Hotels by 340.1% in the 4th quarter. Morgan Stanley now owns 2,033,818 shares of the company's stock worth $183,959,000 after buying an additional 1,571,739 shares during the period. Select Equity Group L.P. boosted its holdings in shares of Hyatt Hotels by 196.2% in the first quarter. Select Equity Group L.P. now owns 2,206,791 shares of the company's stock worth $246,697,000 after acquiring an additional 1,461,693 shares during the period. Alliancebernstein L.P. grew its position in shares of Hyatt Hotels by 4,359.5% in the third quarter. Alliancebernstein L.P. now owns 981,529 shares of the company's stock valued at $79,465,000 after purchasing an additional 959,519 shares in the last quarter. Sculptor Capital LP raised its stake in shares of Hyatt Hotels by 136.3% during the 1st quarter. Sculptor Capital LP now owns 1,449,124 shares of the company's stock valued at $138,319,000 after purchasing an additional 835,982 shares during the period. Finally, Norges Bank purchased a new stake in Hyatt Hotels during the 4th quarter worth about $68,934,000. Hedge funds and other institutional investors own 71.02% of the company's stock.

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.