Morgan Stanley Cuts Hyatt Hotels (NYSE:H) Price Target to $153.00

Hyatt Hotels (NYSE:H) had its price objective decreased by investment analysts at Morgan Stanley from $160.00 to $153.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 0.04% from the company’s current price.

Several other equities analysts also recently commented on the company. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. The Goldman Sachs Group initiated coverage on Hyatt Hotels in a report on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price target on the stock. Mizuho cut their price objective on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Macquarie cut their target price on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $151.57.

Hyatt Hotels Trading Down 3.1 %

Hyatt Hotels stock opened at $152.94 on Monday. Hyatt Hotels has a 12-month low of $112.04 and a 12-month high of $162.24. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 11.53 and a beta of 1.50. The firm has a 50 day moving average of $151.92 and a 200 day moving average of $149.19. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company posted $0.70 earnings per share. As a group, research analysts predict that Hyatt Hotels will post 3.85 earnings per share for the current year.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. This trade represents a 7.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 23.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently modified their holdings of H. Asset Management One Co. Ltd. lifted its holdings in Hyatt Hotels by 0.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after buying an additional 66 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Hyatt Hotels by 1.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock worth $1,042,000 after acquiring an additional 70 shares during the period. PFG Investments LLC raised its stake in shares of Hyatt Hotels by 1.5% during the third quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock valued at $738,000 after acquiring an additional 70 shares in the last quarter. Red Spruce Capital LLC boosted its holdings in shares of Hyatt Hotels by 0.7% in the second quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock valued at $2,126,000 after purchasing an additional 92 shares during the period. Finally, Hunter Associates Investment Management LLC increased its holdings in Hyatt Hotels by 0.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock worth $2,601,000 after purchasing an additional 95 shares during the period. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

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.