Hyatt Hotels (NYSE:H) Research Coverage Started at Freedom Broker

by · The Markets Daily

Freedom Broker began coverage on shares of Hyatt Hotels (NYSE:H – Free Report) in a research note published on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $192.00 price target on the stock.

A number of other equities research analysts also recently issued reports on the stock. Truist Financial increased their price target on shares of Hyatt Hotels from $187.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Wells Fargo & Company raised their price objective on shares of Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Robert W. Baird reduced their price objective on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Susquehanna dropped their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. reduced their target price on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Hyatt Hotels presently has an average rating of “Moderate Buy” and an average target price of $197.38.

Get Our Latest Analysis on H

Hyatt Hotels Stock Performance

Shares of H opened at $169.15 on Wednesday. The stock’s 50-day simple moving average is $166.06 and its 200 day simple moving average is $173.80. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 206.28 and a beta of 1.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. Hyatt Hotels has a 52-week low of $134.18 and a 52-week high of $206.86.

Hyatt Hotels (NYSE:H – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.91 by $0.21. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. Research analysts forecast that Hyatt Hotels will post 3.54 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio is 73.17%.

Insiders Place Their Bets

In related news, Director Susan D. Kronick sold 1,700 shares of Hyatt Hotels stock in a transaction on Monday, August 17th. The shares were sold at an average price of $179.88, for a total value of $305,796.00. Following the transaction, the director owned 29,525 shares in the company, valued at $5,310,957. This trade represents a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $163.06, for a total transaction of $222,413.84. Following the completion of the sale, the insider directly owned 4,894 shares of the company’s stock, valued at $798,015.64. This represents a 21.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 23.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC increased its holdings in shares of Hyatt Hotels by 4.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock worth $210,000 after buying an additional 60 shares during the period. Versant Capital Management Inc boosted its holdings in Hyatt Hotels by 16.1% during the 3rd quarter. Versant Capital Management Inc now owns 475 shares of the company’s stock valued at $75,000 after acquiring an additional 66 shares during the period. Pacer Advisors Inc. boosted its holdings in Hyatt Hotels by 1.0% during the 1st quarter. Pacer Advisors Inc. now owns 6,625 shares of the company’s stock valued at $953,000 after acquiring an additional 67 shares during the period. Raiffeisen Bank International AG grew its position in Hyatt Hotels by 140.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock worth $34,000 after acquiring an additional 100 shares during the last quarter. Finally, Syon Capital LLC grew its position in Hyatt Hotels by 7.7% during the 2nd quarter. Syon Capital LLC now owns 1,535 shares of the company’s stock worth $298,000 after acquiring an additional 110 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

Hyatt Hotels Company Profile

(Get Free Report)

Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.

The company’s portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.

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