Robert W. Baird Increases Hyatt Hotels (NYSE:H) Price Target to $150.00

Key Points

• Robert W. Baird raised its price target for Hyatt Hotels (NYSE:H) from $148.00 to $150.00, indicating a potential upside of 0.90% from the stock's previous close.
• Several analysts have offered mixed ratings for Hyatt, with updated targets ranging from $120.00 to $165.00, reflecting a consensus rating of "Moderate Buy" and an average target price of $150.74.
• Hyatt Hotels' latest earnings report showed an EPS of $0.46, surpassing estimates, but revenue of $1.68 billion fell short of analyst expectations of $1.71 billion.

Hyatt Hotels (NYSE:H - Get Free Report) had its price target increased by Robert W. Baird from $148.00 to $150.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Robert W. Baird's target price indicates a potential upside of 0.90% from the stock's previous close.

H has been the topic of several other reports. Barclays upped their price objective on Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Jefferies Financial Group reduced their price objective on Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Stifel Nicolaus reduced their target price on Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Finally, Raymond James Financial upgraded Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price on the stock in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.74.

Hyatt Hotels Trading Up 2.2%

Shares of H stock opened at $148.67 on Monday. The business's fifty day moving average price is $138.46 and its 200 day moving average price is $134.97. Hyatt Hotels has a 1-year low of $102.43 and a 1-year high of $168.20. The firm has a market capitalization of $14.19 billion, a PE ratio of 19.31, a P/E/G ratio of 2.73 and a beta of 1.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98.

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

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Jnp Parachute Mirror Trust L sold 53,361 shares of Hyatt Hotels stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total transaction of $7,083,672.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jnp 2010-Pg Trust sold 266,793 shares of Hyatt Hotels stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total value of $35,416,770.75. The disclosure for this sale can be found here. Insiders have sold a total of 371,111 shares of company stock worth $49,273,516 over the last quarter. 23.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds have recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new position in shares of Hyatt Hotels in the 4th quarter worth $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Hyatt Hotels in the 1st quarter worth $31,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Hyatt Hotels by 86.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company's stock worth $33,000 after acquiring an additional 111 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Hyatt Hotels by 33.2% in the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company's stock worth $54,000 after acquiring an additional 96 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings 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 worth $61,000 after acquiring an additional 290 shares during 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.

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