Barclays Lowers Hyatt Hotels (NYSE:H) Price Target to $144.00

Hyatt Hotels (NYSE:H) had its target price decreased by Barclays from $151.00 to $144.00 in a report published on Friday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms also recently issued reports on H. Morgan Stanley dropped their price objective on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Sanford C. Bernstein dropped their price target on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a research note on Wednesday, September 18th. They set a “neutral” rating and a $151.00 target price for the company. Finally, Truist Financial reduced their price target on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $151.57.

Hyatt Hotels Stock Performance

Shares of NYSE:H opened at $143.07 on Friday. The firm has a market capitalization of $14.35 billion, a PE ratio of 10.78 and a beta of 1.50. 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 has a 12 month low of $102.62 and a 12 month high of $162.24. The business has a 50-day moving average of $150.93 and a two-hundred day moving average of $148.92.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.75%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business posted $0.70 EPS. As a group, research analysts forecast that Hyatt Hotels will post 3.87 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.42%. Hyatt Hotels’s payout ratio is presently 4.52%.

Insiders Place Their Bets

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the sale, the insider now owns 623,556 shares in the company, valued at $92,373,585.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds have recently bought and sold shares of the business. LRI Investments LLC bought a new stake in Hyatt Hotels in the first quarter worth approximately $26,000. Summit Securities Group LLC acquired a new position in shares of Hyatt Hotels during the second quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Hyatt Hotels in the 3rd quarter worth $30,000. Blue Trust Inc. grew its position in Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 213 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after purchasing an additional 310 shares during the period. 71.02% of the stock is 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.