Hyatt Hotels (NYSE:H) Price Target Raised to $155.00 at Evercore ISI

Hyatt Hotels (NYSE:H) had its target price increased by Evercore ISI from $145.00 to $155.00 in a report issued on Monday morning, Benzinga reports. They currently have an in-line rating on the stock.

A number of other research analysts have also recently issued reports on H. Barclays lifted their price objective on shares of Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. Susquehanna lowered their price objective on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. Stifel Nicolaus lifted their target price on Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a research report on Tuesday, August 20th. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Finally, Sanford C. Bernstein cut their price objective on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $152.25.

Hyatt Hotels Stock Up 3.0 %

Shares of NYSE H opened at $152.57 on Monday. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $162.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. The firm has a market cap of $15.44 billion, a PE ratio of 23.69 and a beta of 1.50. The company’s fifty day simple moving average is $150.06 and its 200 day simple moving average is $149.04.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, sell-side analysts forecast that Hyatt Hotels will post 3.93 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the transaction, the insider now directly owns 623,556 shares in the company, valued at approximately $93,389,982.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in H. Artemis Investment Management LLP bought a new position in shares of Hyatt Hotels in the first quarter worth $48,302,000. Allspring Global Investments Holdings LLC increased its stake in Hyatt Hotels by 333.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after acquiring an additional 199,773 shares during the last quarter. Interval Partners LP raised its holdings in shares of Hyatt Hotels by 314.1% in the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after acquiring an additional 182,297 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Hyatt Hotels by 6.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Hyatt Hotels by 3.5% during the fourth 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. Hedge funds and other institutional investors own 71.02% of the company’s stock.

About Hyatt Hotels

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.