Wells Fargo & Company Has Lowered Expectations for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its price target dropped by research analysts at Wells Fargo & Company from $178.00 to $172.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 18.59% from the stock’s previous close.

Several other research analysts also recently weighed in on H. JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. StockNews.com downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a research note on Friday. Stifel Nicolaus raised their target price on Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a research note on Tuesday, August 20th. Finally, Evercore ISI raised their target price on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus target price of $151.62.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock traded down $0.41 during trading hours on Friday, hitting $145.04. 634,222 shares of the company’s stock traded hands, compared to its average volume of 587,176. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $162.24. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 15.65 and a beta of 1.50. The company has a fifty day simple moving average of $151.00 and a 200-day simple moving average of $149.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm posted $0.70 EPS. Equities research analysts anticipate that Hyatt Hotels will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of H. Malaga Cove Capital LLC increased its position in Hyatt Hotels by 37.9% during the third quarter. Malaga Cove Capital LLC now owns 4,241 shares of the company’s stock valued at $645,000 after acquiring an additional 1,165 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Hyatt Hotels by 0.4% during the third quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after acquiring an additional 66 shares during the last quarter. QRG Capital Management Inc. increased its position in Hyatt Hotels by 7.7% during the third quarter. QRG Capital Management Inc. now owns 19,080 shares of the company’s stock valued at $2,904,000 after acquiring an additional 1,368 shares during the last quarter. Hedeker Wealth LLC purchased a new stake in Hyatt Hotels during the third quarter valued at $1,556,000. Finally, Hunter Associates Investment Management LLC increased its position in Hyatt Hotels by 0.6% during the third quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock valued at $2,601,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors 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.