JPMorgan Chase & Co. Increases Hyatt Hotels (NYSE:H) Price Target to $168.00

Hyatt Hotels (NYSE:H) had its target price raised by research analysts at JPMorgan Chase & Co. from $163.00 to $168.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 5.67% from the company’s previous close.

Several other equities analysts have also recently weighed in on H. Robert W. Baird increased their price objective on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Macquarie reduced their price objective on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Cfra set a $155.00 target price on Hyatt Hotels in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein reduced their price target on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and a consensus price target of $152.88.

Hyatt Hotels Trading Down 0.3 %

NYSE:H opened at $158.99 on Friday. The company has a market cap of $15.27 billion, a PE ratio of 11.98 and a beta of 1.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. The company has a 50 day simple moving average of $154.99 and a two-hundred day simple moving average of $150.36. Hyatt Hotels has a 12 month low of $124.40 and a 12 month high of $168.20.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. Research analysts forecast that Hyatt Hotels will post 3.89 earnings per share for the current year.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several hedge funds have recently made changes to their positions in the business. Andra AP fonden boosted its stake in Hyatt Hotels by 51.2% during the second quarter. Andra AP fonden now owns 35,400 shares of the company’s stock worth $5,378,000 after buying an additional 11,994 shares during the period. III Capital Management purchased a new position in shares of Hyatt Hotels during the 2nd quarter worth about $871,000. Assetmark Inc. grew its holdings in Hyatt Hotels by 162.2% during the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock valued at $7,464,000 after purchasing an additional 30,339 shares during the last quarter. Bamco Inc. NY lifted its stake in Hyatt Hotels by 1.3% in the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its position in shares of Hyatt Hotels by 17,641.6% during the third quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after buying an additional 130,724 shares during the period. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

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.