Hyatt Hotels Co. (NYSE:H) Receives $149.00 Average Price Target from Brokerages

Shares of Hyatt Hotels Co. (NYSE:H) have been assigned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $150.69.

A number of brokerages have recently issued reports on H. Susquehanna began coverage on Hyatt Hotels in a report on Friday, June 21st. They set a “neutral” rating and a $160.00 price objective for the company. Morgan Stanley downgraded shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $149.00 to $156.00 in a research report on Monday, March 11th. TD Cowen lifted their price target on shares of Hyatt Hotels from $95.00 to $160.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Mizuho lifted their price target on shares of Hyatt Hotels from $195.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Finally, Stifel Nicolaus lifted their price target on shares of Hyatt Hotels from $146.00 to $154.00 and gave the company a “hold” rating in a research report on Thursday, April 11th.

Hyatt Hotels Trading Up 2.0 %

Shares of NYSE:H opened at $151.92 on Friday. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $161.50. The stock has a market cap of $15.37 billion, a PE ratio of 23.59 and a beta of 1.49. The business has a 50 day moving average of $148.91 and a 200-day moving average of $143.97. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, equities research analysts forecast that Hyatt Hotels will post 3.48 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

Insider Transactions at Hyatt Hotels

In related news, insider Joan Bottarini sold 10,695 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the sale, the insider now owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Joan Bottarini sold 10,695 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the sale, the insider now owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the sale, the director now directly owns 20,219 shares in the company, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,189 shares of company stock worth $1,815,619. Corporate insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Hyatt Hotels by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after purchasing an additional 144,356 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Hyatt Hotels by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,482,440 shares of the company’s stock worth $396,247,000 after purchasing an additional 77,157 shares in the last quarter. Morgan Stanley boosted its position in shares of Hyatt Hotels by 1.1% during the 3rd quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock worth $232,836,000 after purchasing an additional 24,121 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Hyatt Hotels by 28.5% during the 4th quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after purchasing an additional 432,594 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of Hyatt Hotels by 0.6% during the 4th quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock worth $218,105,000 after purchasing an additional 9,919 shares in the last quarter. Institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Company Profile

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.