Macquarie Cuts Hyatt Hotels (NYSE:H) Price Target to $164.00

Hyatt Hotels (NYSE:H) had its target price dropped by stock analysts at Macquarie from $165.00 to $164.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price objective indicates a potential upside of 11.91% from the company’s current price.

A number of other research firms also recently issued reports on H. Cfra set a $155.00 price objective on shares of Hyatt Hotels in a report on Thursday, October 17th. The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Susquehanna lowered their target price on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Finally, Truist Financial boosted their target price on shares of Hyatt Hotels from $164.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $151.90.

Hyatt Hotels Stock Up 0.7 %

H stock traded up $1.09 during mid-day trading on Friday, hitting $146.54. 149,687 shares of the company were exchanged, compared to its average volume of 584,890. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $14.70 billion, a P/E ratio of 15.73 and a beta of 1.50. The firm’s 50 day simple moving average is $151.00 and its 200 day simple moving average is $149.00. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $162.24.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned $0.70 earnings per share. On average, sell-side analysts predict that Hyatt Hotels will post 3.87 EPS for the current fiscal year.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the transaction, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. State of Michigan Retirement System increased its stake in shares of Hyatt Hotels by 2.8% in the first quarter. State of Michigan Retirement System now owns 10,900 shares of the company’s stock valued at $1,740,000 after buying an additional 300 shares during the period. Retirement Systems of Alabama increased its stake in shares of Hyatt Hotels by 0.3% in the first quarter. Retirement Systems of Alabama now owns 55,530 shares of the company’s stock valued at $8,864,000 after buying an additional 146 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Hyatt Hotels by 165.7% in the first quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock valued at $8,601,000 after buying an additional 33,603 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Hyatt Hotels in the first quarter valued at approximately $85,000. Finally, Whittier Trust Co. increased its stake in shares of Hyatt Hotels by 4.0% in the first quarter. Whittier Trust Co. now owns 51,804 shares of the company’s stock valued at $8,269,000 after buying an additional 1,992 shares during the period. Institutional investors and hedge funds 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.