Truist Financial Raises Hyatt Hotels (NYSE:H) Price Target to $163.00

Hyatt Hotels (NYSE:H) had its price objective boosted by research analysts at Truist Financial from $158.00 to $163.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 10.91% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Mizuho decreased their price target on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Stifel Nicolaus upped their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Robert W. Baird lifted their target price on Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Barclays dropped their price target on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Hyatt Hotels has an average rating of “Hold” and an average target price of $162.29.

Hyatt Hotels Trading Up 0.7 %

NYSE:H opened at $146.97 on Tuesday. The stock has a market cap of $14.11 billion, a price-to-earnings ratio of 11.81 and a beta of 1.48. Hyatt Hotels has a one year low of $128.91 and a one year high of $168.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. The business’s 50-day simple moving average is $155.91 and its 200 day simple moving average is $152.49.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) 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 business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the company earned $0.64 earnings per share. As a group, sell-side analysts predict that Hyatt Hotels will post 3.68 earnings per share for the current fiscal year.

Insider Transactions at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, the insider now owns 5,798 shares in the company, valued at $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds have recently modified their holdings of H. Toronto Dominion Bank lifted its holdings in Hyatt Hotels by 5.2% in the 4th quarter. Toronto Dominion Bank now owns 6,056 shares of the company’s stock valued at $951,000 after acquiring an additional 301 shares during the last quarter. DigitalBridge Group Inc. lifted its stake in Hyatt Hotels by 5.7% during the fourth quarter. DigitalBridge Group Inc. now owns 73,462 shares of the company’s stock valued at $11,532,000 after purchasing an additional 3,950 shares during the last quarter. Twinbeech Capital LP bought a new stake in Hyatt Hotels during the fourth quarter worth approximately $9,341,000. Tidal Investments LLC grew its position in Hyatt Hotels by 153.1% in the fourth quarter. Tidal Investments LLC now owns 4,541 shares of the company’s stock worth $713,000 after buying an additional 2,747 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its holdings in shares of Hyatt Hotels by 2.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company’s stock valued at $789,000 after buying an additional 116 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

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.