Hyatt Hotels (NYSE:H) PT Raised to $32.00

Hyatt Hotels (NYSE:H) had its target price boosted by Wells Fargo & Co from $29.00 to $32.00 in a report published on Thursday morning, Stock Target Advisor reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued reports about the stock. Morgan Stanley boosted their price target on shares of Hyatt Hotels from $73.00 to $83.00 and gave the company an equal weight rating in a research report on Thursday, January 9th. Raymond James restated a market perform rating and issued a $25.00 price target on shares of Hyatt Hotels in a research report on Friday, November 8th. Wolfe Research set a $90.00 price target on shares of Hyatt Hotels and gave the company a buy rating in a research report on Friday, November 1st. Deutsche Bank set a $72.00 price target on shares of Hyatt Hotels and gave the company a hold rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus boosted their price target on shares of Hyatt Hotels from $78.00 to $82.00 and gave the company a hold rating in a research report on Thursday, December 19th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Hyatt Hotels currently has a consensus rating of Hold and an average price target of $68.81.

NYSE:H traded up $0.19 on Thursday, reaching $87.94. The stock had a trading volume of 358,293 shares, compared to its average volume of 650,897. The company has a market capitalization of $9.14 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 9.43 and a beta of 1.12. Hyatt Hotels has a 1-year low of $69.03 and a 1-year high of $91.13. The company has a quick ratio of 1.40, a current ratio of 1.41 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average price of $87.39 and a 200-day moving average price of $79.06.

In other news, insider Peter Fulton sold 11,561 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.35, for a total transaction of $928,926.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Texas 8-26-22 Trust 2 sold 62,854 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $79.55, for a total transaction of $5,000,035.70. Following the transaction, the insider now owns 912,316 shares in the company, valued at $72,574,737.80. The disclosure for this sale can be found here. Insiders have sold 774,415 shares of company stock worth $65,918,962 over the last quarter. 24.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in H. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Hyatt Hotels by 90.3% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,810 shares of the company’s stock valued at $214,000 after buying an additional 1,333 shares during the period. Cerebellum GP LLC acquired a new position in Hyatt Hotels in the third quarter valued at approximately $132,000. Nisa Investment Advisors LLC acquired a new position in Hyatt Hotels in the third quarter valued at approximately $37,000. Baskin Financial Services Inc. lifted its holdings in Hyatt Hotels by 3.4% in the third quarter. Baskin Financial Services Inc. now owns 209,472 shares of the company’s stock valued at $15,432,000 after buying an additional 6,975 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in Hyatt Hotels in the third quarter valued at approximately $210,000. Institutional investors and hedge funds own 37.74% of the company’s stock.

About Hyatt Hotels

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

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Analyst Recommendations for Hyatt Hotels (NYSE:H)

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