Truist Financial Trims Hyatt Hotels (NYSE:H) Target Price to $164.00

Hyatt Hotels (NYSE:H) had its price objective cut by investment analysts at Truist Financial from $168.00 to $164.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 21.07% from the company’s previous close.

H has been the subject of several other research reports. JPMorgan Chase & Co. upped their price objective on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley cut their price objective on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. StockNews.com raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Monday, July 15th. Finally, Evercore ISI dropped their target price on shares of Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating for the company in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and a consensus target price of $149.89.

Hyatt Hotels Trading Up 1.4 %

H stock opened at $135.46 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The company’s 50-day simple moving average is $147.61 and its 200 day simple moving average is $148.02. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $162.24. The company has a market capitalization of $13.71 billion, a PE ratio of 21.03 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, sell-side analysts anticipate that Hyatt Hotels will post 3.47 earnings per share for the current year.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the sale, the director now owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hyatt Hotels news, insider Joan Bottarini sold 305 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the sale, the insider now owns 15,799 shares of the company’s stock, valued at approximately $2,338,252. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total transaction of $177,779.28. Following the sale, the director now directly owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. 23.50% of the stock is owned by company insiders.

Institutional Trading of Hyatt Hotels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in H. Vanguard Group Inc. grew its position in shares of Hyatt Hotels by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after buying an additional 144,356 shares during the period. Principal Financial Group Inc. grew its position in shares of Hyatt Hotels by 6.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after buying an additional 162,562 shares during the period. Franklin Resources Inc. grew its position in shares of Hyatt Hotels by 28.5% during the 4th quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after buying an additional 432,594 shares during the period. Bank of Nova Scotia grew its position in shares of Hyatt Hotels by 0.6% during the 4th quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock worth $218,105,000 after buying an additional 9,919 shares during the period. Finally, Fiera Capital Corp grew its position in shares of Hyatt Hotels by 0.9% during the 4th quarter. Fiera Capital Corp now owns 574,778 shares of the company’s stock worth $74,957,000 after buying an additional 5,142 shares during the period. Institutional investors and hedge funds 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.