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

Hyatt Hotels (NYSE:H - Get Free Report) had its target price dropped by research analysts at Truist Financial from $156.00 to $140.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price objective indicates a potential upside of 5.78% from the stock's previous close.

Several other analysts also recently weighed in on H. Wells Fargo & Company dropped their target price on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Stifel Nicolaus dropped their target price on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Macquarie dropped their target price on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Susquehanna boosted their target price on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Hyatt Hotels currently has an average rating of "Hold" and a consensus target price of $149.72.

Hyatt Hotels Stock Up 0.7%

Shares of NYSE:H traded up $0.91 during trading hours on Friday, hitting $132.35. The company's stock had a trading volume of 1,419,482 shares, compared to its average volume of 704,974. Hyatt Hotels has a 52 week low of $102.43 and a 52 week high of $168.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 10.64 and a beta of 1.36. The firm's fifty day moving average price is $120.16 and its 200 day moving average price is $139.64.

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, beating the consensus estimate of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter in the previous year, the business posted $0.71 EPS. As a group, research analysts expect that Hyatt Hotels will post 3.05 EPS for the current year.

Insider Activity

In other Hyatt Hotels news, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total transaction of $7,083,672.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now directly owns 37,927 shares of the company's stock, valued at approximately $5,377,290.06. This trade represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 377,220 shares of company stock worth $49,921,103 over the last three months. Insiders own 23.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of H. Barclays PLC boosted its stake in shares of Hyatt Hotels by 2.3% in the third quarter. Barclays PLC now owns 45,648 shares of the company's stock valued at $6,946,000 after purchasing an additional 1,032 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Hyatt Hotels by 67.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the company's stock valued at $163,000 after purchasing an additional 420 shares during the period. Fifth Third Bancorp boosted its stake in shares of Hyatt Hotels by 31.9% in the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company's stock valued at $73,000 after purchasing an additional 113 shares during the period. Blue Trust Inc. boosted its stake in shares of Hyatt Hotels by 78.8% in the fourth quarter. Blue Trust Inc. now owns 581 shares of the company's stock valued at $88,000 after purchasing an additional 256 shares during the period. Finally, Swedbank AB purchased a new position in shares of Hyatt Hotels in the fourth quarter valued at approximately $3,220,000. Hedge funds and other 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.