JPMorgan Chase & Co. Boosts Hyatt Hotels (NYSE:H) Price Target to $186.00

by · The Cerbat Gem

Hyatt Hotels (NYSE:HGet Free Report) had its target price upped by equities research analysts at JPMorgan Chase & Co. from $181.00 to $186.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 14.71% from the stock’s current price.

A number of other research firms have also recently weighed in on H. Morgan Stanley upped their price target on Hyatt Hotels from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Susquehanna lowered their price target on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday. Citigroup upped their price target on Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Wells Fargo & Company upped their price target on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Finally, Mizuho increased their target price on Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Hyatt Hotels has a consensus rating of “Moderate Buy” and an average target price of $184.07.

View Our Latest Analysis on Hyatt Hotels

Hyatt Hotels Price Performance

Shares of H traded up $3.02 on Tuesday, reaching $162.14. The stock had a trading volume of 689,583 shares, compared to its average volume of 853,634. The firm has a market capitalization of $15.32 billion, a PE ratio of -463.26, a PEG ratio of 1.95 and a beta of 1.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average of $155.27 and a 200 day moving average of $157.44. Hyatt Hotels has a twelve month low of $120.36 and a twelve month high of $180.53.

Hyatt Hotels (NYSE:HGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same quarter in the prior year, the firm posted $0.46 EPS. Sell-side analysts expect that Hyatt Hotels will post 3.13 EPS for the current year.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total transaction of $58,912.00. Following the sale, the insider owned 545 shares in the company, valued at approximately $80,267.60. This represents a 42.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $167.75, for a total value of $35,803,553.50. Following the sale, the insider owned 213,434 shares in the company, valued at approximately $35,803,553.50. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 214,234 shares of company stock worth $35,920,202. 23.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Hyatt Hotels by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock worth $41,083,000 after buying an additional 32,048 shares during the period. Principal Financial Group Inc. raised its position in shares of Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after buying an additional 843,121 shares during the period. Veritas Asset Management LLP purchased a new position in shares of Hyatt Hotels in the 3rd quarter worth $29,067,000. JPMorgan Chase & Co. raised its position in shares of Hyatt Hotels by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock worth $20,911,000 after buying an additional 22,071 shares during the period. Finally, Assetmark Inc. raised its position in shares of Hyatt Hotels by 4.4% in the 3rd quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock worth $11,397,000 after buying an additional 3,387 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels News Roundup

Here are the key news stories impacting Hyatt Hotels this week:

About Hyatt Hotels

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Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.

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