Hyatt Hotels (NYSE:H) Upgraded at Raymond James Financial

Hyatt Hotels (NYSE:H - Get Free Report) was upgraded by investment analysts at Raymond James Financial from a "market perform" rating to a "strong-buy" rating in a research note issued on Tuesday, MarketBeat.com reports. The brokerage presently has a $165.00 price target on the stock. Raymond James Financial's price objective would indicate a potential upside of 14.50% from the stock's current price.

H has been the subject of a number of other reports. Stifel Nicolaus dropped their price target on Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Barclays upped their target price on shares of Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Evercore ISI decreased their price objective on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Macquarie cut their price target on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley reduced their price objective on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $150.63.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock traded down $1.29 on Tuesday, reaching $144.10. The stock had a trading volume of 161,032 shares, compared to its average volume of 748,680. The stock has a market cap of $13.76 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 4.50 and a beta of 1.42. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. Hyatt Hotels has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The business's 50-day moving average price is $129.55 and its two-hundred day moving average price is $136.20.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.16. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. On average, sell-side analysts forecast that Hyatt Hotels will post 3.05 EPS for the current year.

Insider Activity at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total value of $216,000.00. Following the completion of the sale, the director directly owned 37,825 shares in the company, valued at approximately $5,106,375. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cary D. Mcmillan sold 1,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $132.70, for a total value of $132,700.00. Following the sale, the director directly owned 498 shares in the company, valued at $66,084.60. This represents a 66.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 371,111 shares of company stock valued at $49,273,516. Insiders own 23.70% of the company's stock.

Institutional Trading of Hyatt Hotels

Large investors have recently modified their holdings of the stock. Bernard Wealth Management Corp. acquired a new stake in shares of Hyatt Hotels during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Hyatt Hotels in the 1st quarter valued at $31,000. UMB Bank n.a. increased its stake in shares of Hyatt Hotels by 138.8% in the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after purchasing an additional 290 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Hyatt Hotels in the fourth quarter valued at about $88,000. Finally, Harold Davidson & Associates Inc. bought a new position in Hyatt Hotels in the first quarter valued at about $203,000. 73.54% of the stock is 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.