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

Hyatt Hotels (NYSE:H) had its price objective reduced by investment analysts at Morgan Stanley from $157.00 to $144.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 6.35% from the stock’s current price.

H has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price target on shares of Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Truist Financial raised their target price on shares of Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. The Goldman Sachs Group raised their price target on Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company reduced their price objective on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $162.08.

Hyatt Hotels Stock Down 3.2 %

NYSE H traded down $4.48 on Tuesday, hitting $135.40. 169,258 shares of the stock traded hands, compared to its average volume of 681,519. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average of $153.17 and a 200 day moving average of $152.91. Hyatt Hotels has a twelve month low of $128.91 and a twelve month high of $168.20. The company has a market capitalization of $13.02 billion, a P/E ratio of 10.92 and a beta of 1.48.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the firm posted $0.64 earnings per share. As a group, analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently modified their holdings of H. Raymond James Financial Inc. acquired a new stake in Hyatt Hotels during the fourth quarter valued at approximately $77,136,000. Invesco Ltd. lifted its position in shares of Hyatt Hotels by 241.4% during the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company’s stock valued at $106,677,000 after acquiring an additional 480,523 shares during the last quarter. Norges Bank bought a new stake in shares of Hyatt Hotels during the 4th quarter worth $61,572,000. Alyeska Investment Group L.P. acquired a new position in shares of Hyatt Hotels in the 4th quarter worth $43,953,000. Finally, Deutsche Bank AG raised its position in shares of Hyatt Hotels by 209.8% during the fourth quarter. Deutsche Bank AG now owns 255,563 shares of the company’s stock worth $40,118,000 after purchasing an additional 173,075 shares during the period. Institutional investors own 73.54% 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.