Hyatt Hotels (NYSE:H) Downgraded by HSBC to “Hold”

Hyatt Hotels (NYSE:H) was downgraded by HSBC from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, FinViz reports. They currently have a $156.00 price objective on the stock. HSBC’s price target points to a potential upside of 7.16% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. 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. Evercore ISI boosted their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Macquarie decreased their target price on Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Bank of America boosted their price target on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Truist Financial increased their price objective on shares of Hyatt Hotels from $164.00 to $169.00 and gave the company a “buy” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and a consensus price target of $152.43.

Hyatt Hotels Stock Down 7.3 %

NYSE:H opened at $145.57 on Friday. The company’s fifty day moving average price is $151.00 and its 200-day moving average price is $149.00. The firm has a market capitalization of $14.60 billion, a P/E ratio of 15.70 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 1-year low of $96.77 and a 1-year high of $162.24.

Hyatt Hotels (NYSE:H) last issued its earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. As a group, equities research analysts anticipate that Hyatt Hotels will post 3.87 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the transaction, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in H. LRI Investments LLC purchased a new stake in Hyatt Hotels during the 1st quarter worth about $26,000. Summit Securities Group LLC purchased a new stake in shares of Hyatt Hotels during the second quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Hyatt Hotels in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. lifted its position in shares of Hyatt Hotels by 190.2% during the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 213 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Hyatt Hotels in the first quarter valued at $53,000. Hedge funds and other institutional investors own 71.02% of the company’s stock.

About Hyatt Hotels

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.