Truist Financial Cuts Hyatt Hotels (NYSE:H) Price Target to $140.00

Hyatt Hotels (NYSE:H - Get Free Report) had its price target cut by stock analysts at Truist Financial from $156.00 to $140.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 5.26% from the company's current price.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus cut their price objective on Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Barclays boosted their target price on Hyatt Hotels from $122.00 to $127.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Susquehanna upped their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Mizuho lowered their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating on the stock in a research report on Friday, February 14th. Finally, Robert W. Baird cut their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Hyatt Hotels presently has a consensus rating of "Hold" and a consensus price target of $149.72.

Hyatt Hotels Trading Up 1.9%

Hyatt Hotels stock traded up $2.50 during trading on Friday, reaching $133.01. 930,499 shares of the company were exchanged, compared to its average volume of 707,263. The stock's 50 day simple moving average is $120.27 and its two-hundred day simple moving average is $139.48. The company has a market capitalization of $12.70 billion, a P/E ratio of 10.69 and a beta of 1.42. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels has a 52-week low of $102.43 and a 52-week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. 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 earned $0.71 EPS. On average, equities research analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Insider Activity at Hyatt Hotels

In other news, insider Jnp 2010-Pg Trust sold 266,793 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $35,416,770.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of 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 a total of 375,620 shares of company stock worth $49,694,255 over the last 90 days. Company insiders own 23.70% of the company's stock.

Institutional Trading of Hyatt Hotels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Long Pond Capital LP acquired a new position in Hyatt Hotels in the first quarter valued at $191,922,000. Raymond James Financial Inc. purchased a new position in shares of Hyatt Hotels in the fourth quarter valued at $77,136,000. Invesco Ltd. grew its holdings in Hyatt Hotels by 241.4% during the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company's stock valued at $106,677,000 after purchasing an additional 480,523 shares in the last quarter. Principal Financial Group Inc. increased its stake in Hyatt Hotels by 16.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock worth $384,132,000 after buying an additional 441,417 shares during the period. Finally, Norges Bank acquired a new position in Hyatt Hotels in the 4th quarter worth $61,572,000. Hedge funds and other institutional investors own 73.54% 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.