Hyatt Hotels (NYSE:H) Given New $161.00 Price Target at Barclays

Hyatt Hotels (NYSE:H) had its price objective upped by Barclays from $144.00 to $161.00 in a report issued on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also commented on H. Bank of America increased their price objective on shares of Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, October 21st. HSBC lowered Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a report on Friday, November 1st. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Mizuho reduced their price target on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and an average price target of $152.88.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $159.09 on Friday. The company has a market cap of $15.28 billion, a PE ratio of 11.99 and a beta of 1.50. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. Hyatt Hotels has a 52 week low of $124.40 and a 52 week high of $168.20. The business has a 50 day moving average price of $154.99 and a 200-day moving average price of $150.34.

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, topping analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the previous year, the firm earned $0.70 EPS. Equities analysts anticipate that Hyatt Hotels will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Friday, November 22nd. Hyatt Hotels’s payout ratio is presently 4.52%.

Insider Transactions at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the sale, the insider now owns 5,798 shares in the company, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Large investors have recently modified their holdings of the business. Asset Management One Co. Ltd. increased its position in shares of Hyatt Hotels by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock worth $2,365,000 after purchasing an additional 66 shares during the last quarter. PFG Investments LLC grew its stake in Hyatt Hotels by 1.5% in the 3rd quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock worth $738,000 after buying an additional 70 shares in the last quarter. Hunter Associates Investment Management LLC increased its holdings in shares of Hyatt Hotels by 0.6% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock worth $2,601,000 after buying an additional 95 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Hyatt Hotels by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $1,945,000 after buying an additional 100 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its holdings in shares of Hyatt Hotels by 23.9% during the 2nd quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock worth $83,000 after acquiring an additional 108 shares during the last quarter. 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.