Hyatt Hotels (NYSE:H – Free Report) had its price objective boosted by Morgan Stanley from $208.00 to $218.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.
A number of other analysts have also commented on H. Wells Fargo & Company lifted their price target on Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays lifted their target price on shares of Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Sanford C. Bernstein upped their price target on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Mizuho lifted their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Finally, Stifel Nicolaus set a $182.00 target price on Hyatt Hotels in a research report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $196.14.
View Our Latest Stock Analysis on Hyatt Hotels
Hyatt Hotels Stock Performance
Hyatt Hotels (NYSE:H – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period in the previous year, the company earned $0.46 earnings per share. Equities research analysts forecast that Hyatt Hotels will post 3.58 EPS for the current fiscal year.
Insider Activity at Hyatt Hotels
In other Hyatt Hotels news, insider Peter Sears sold 10,217 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the sale, the insider owned 6,374 shares in the company, valued at $1,183,396.84. This trade represents a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David Udell sold 2,087 shares of Hyatt Hotels stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total value of $392,356.00. Following the sale, the insider directly owned 16,638 shares of the company’s stock, valued at approximately $3,127,944. This trade represents a 11.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 23,224 shares of company stock valued at $4,173,605. 23.60% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Hyatt Hotels
Institutional investors have recently modified their holdings of the company. Johnson Financial Group Inc. lifted its position in Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after buying an additional 144 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Hyatt Hotels during the fourth quarter valued at approximately $26,000. DV Equities LLC purchased a new position in shares of Hyatt Hotels during the fourth quarter worth approximately $32,000. Ares Financial Consulting LLC purchased a new position in shares of Hyatt Hotels during the fourth quarter worth approximately $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Hyatt Hotels in the 3rd quarter worth approximately $34,000. 73.54% of the stock is currently owned by institutional investors.
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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