Shares of Hyatt Hotels Corporation (NYSE:H – Get Free Report) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $196.1429.
Several research firms recently issued reports on H. Morgan Stanley upped their target price on Hyatt Hotels from $208.00 to $218.00 and gave the stock an “overweight” rating in a report on Friday. HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research report on Thursday, June 4th. JPMorgan Chase & Co. raised their target price on shares of Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Susquehanna reduced their price objective on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Truist Financial upped their target price on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th.
Read Our Latest Stock Report on Hyatt Hotels
Hyatt Hotels Trading Down 0.0%
Hyatt Hotels (NYSE:H – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. As a group, analysts expect that Hyatt Hotels will post 3.58 EPS for the current fiscal year.
Insider Buying and Selling
In other Hyatt Hotels news, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $174.51, for a total transaction of $195,276.69. Following the sale, the director directly owned 31,225 shares in the company, valued at $5,449,074.75. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Udell sold 8,682 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $172.00, for a total value of $1,493,304.00. Following the completion of the sale, the insider directly owned 13,338 shares in the company, valued at approximately $2,294,136. This represents a 39.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,224 shares of company stock worth $4,173,605 over the last three months. Company insiders own 23.60% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. grew its stake in shares of Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after purchasing an additional 144 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Hyatt Hotels during the 4th quarter valued at about $26,000. DV Equities LLC bought a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $32,000. Ares Financial Consulting LLC bought a new stake in shares of Hyatt Hotels in the 4th quarter valued at $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Hyatt Hotels in the third quarter valued at $34,000. Institutional investors own 73.54% of the company’s stock.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.
Hyatt’s business model combines property ownership, management contracts and third-party franchising.
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