Truist Financial Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Key Points

• Truist Financial has increased its target price for Hyatt Hotels stock from $140.00 to $159.00, indicating a potential upside of 11.23% from the current price and maintaining a "buy" rating.
• Hyatt Hotels reported a strong earnings performance with $0.68 earnings per share for the last quarter, exceeding analysts' expectations of $0.62, along with revenue of $1.81 billion compared to estimates of $1.74 billion.
• Institutional investors own a significant 73.54% of Hyatt Hotels' stock, with notable increases in stakes from firms like Bamco and Principal Financial Group in recent quarters.

Hyatt Hotels (NYSE:H - Get Free Report) had its target price boosted by Truist Financial from $140.00 to $159.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price objective suggests a potential upside of 11.23% from the stock's current price.

H has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Wall Street Zen downgraded shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 17th. Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price target for the company in a research note on Tuesday, July 1st. Barclays lowered their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Finally, Robert W. Baird lifted their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $151.89.

Hyatt Hotels Stock Performance

NYSE H opened at $142.95 on Wednesday. Hyatt Hotels has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 2.26 and a beta of 1.43. The firm's 50 day simple moving average is $143.49 and its 200 day simple moving average is $132.26.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business posted $1.53 earnings per share. As a group, research analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $132.70, for a total transaction of $132,700.00. Following the completion of the sale, the director directly owned 498 shares in the company, valued at approximately $66,084.60. This trade represents a 66.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $5,106,375. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,491 shares of company stock valued at $870,211. 23.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors have recently made changes to their positions in the company. Bamco Inc. NY boosted its stake in shares of Hyatt Hotels by 2.9% in the second quarter. Bamco Inc. NY now owns 5,955,212 shares of the company's stock valued at $831,645,000 after buying an additional 166,249 shares during the period. Vanguard Group Inc. increased its holdings in Hyatt Hotels by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,920,488 shares of the company's stock valued at $480,260,000 after purchasing an additional 21,190 shares during the period. Principal Financial Group Inc. increased its holdings in Hyatt Hotels by 16.4% in the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock valued at $384,132,000 after purchasing an additional 441,417 shares during the period. Bank of Nova Scotia boosted its position in Hyatt Hotels by 9.3% during the first quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock valued at $229,987,000 after acquiring an additional 160,461 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Hyatt Hotels by 6.9% during the first quarter. Wellington Management Group LLP now owns 1,800,639 shares of the company's stock valued at $220,578,000 after acquiring an additional 116,813 shares during the last quarter. Institutional investors 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.

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