Hyatt Hotels (NYSE:H – Get Free Report) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $186.00 to $205.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 10.68% from the company’s current price.
Several other research analysts have also commented on H. Barclays boosted their price objective on Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company boosted their price objective on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Truist Financial boosted their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday. Sanford C. Bernstein lifted their price target on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Susquehanna dropped their price target on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $188.00.
Read Our Latest Research Report on Hyatt Hotels
Hyatt Hotels Price Performance
Hyatt Hotels (NYSE:H – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. As a group, research analysts forecast that Hyatt Hotels will post 3.48 EPS for the current fiscal year.
Insiders Place Their Bets
In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 213,434 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $167.75, for a total value of $35,803,553.50. Following the completion of the sale, the insider owned 213,434 shares of the company’s stock, valued at $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kinsey Wolf sold 400 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total value of $58,912.00. Following the completion of the sale, the insider directly owned 545 shares of the company’s stock, valued at approximately $80,267.60. This represents a 42.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 225,154 shares of company stock valued at $37,804,562 over the last 90 days. Company insiders own 23.60% of the company’s stock.
Institutional Trading of Hyatt Hotels
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its stake in Hyatt Hotels by 4.0% in the first quarter. Glenmede Trust Co. NA now owns 3,943 shares of the company’s stock worth $567,000 after buying an additional 151 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Hyatt Hotels by 1.0% during the first quarter. Segall Bryant & Hamill LLC now owns 99,317 shares of the company’s stock valued at $14,281,000 after purchasing an additional 982 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Hyatt Hotels by 5.9% during the first quarter. Arkadios Wealth Advisors now owns 2,760 shares of the company’s stock valued at $397,000 after purchasing an additional 154 shares during the period. Amundi boosted its stake in shares of Hyatt Hotels by 70.9% during the first quarter. Amundi now owns 189,272 shares of the company’s stock valued at $27,215,000 after purchasing an additional 78,544 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Hyatt Hotels by 0.8% during the first quarter. California State Teachers Retirement System now owns 49,776 shares of the company’s stock valued at $7,157,000 after purchasing an additional 378 shares during the period. Hedge funds and other 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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