JPMorgan Chase & Co. Increases Hyatt Hotels (NYSE:H) Price Target to $172.00

Hyatt Hotels (NYSE:HFree Report) had its price objective lifted by JPMorgan Chase & Co. from $162.00 to $172.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also issued reports on H. Morgan Stanley dropped their price objective on shares of Hyatt Hotels from $138.00 to $135.00 and set an overweight rating for the company in a report on Tuesday, November 7th. Royal Bank of Canada increased their target price on shares of Hyatt Hotels from $37.00 to $41.00 and gave the stock a sector perform rating in a research note on Wednesday, February 14th. StockNews.com raised shares of Hyatt Hotels from a sell rating to a hold rating in a research note on Monday, February 26th. Barclays increased their target price on shares of Hyatt Hotels from $119.00 to $128.00 and gave the stock an equal weight rating in a research note on Monday, January 29th. Finally, Robert W. Baird increased their target price on shares of Hyatt Hotels from $116.00 to $134.00 and gave the stock a neutral rating in a research note on Tuesday, February 13th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $129.73.

Check Out Our Latest Stock Analysis on Hyatt Hotels

Hyatt Hotels Price Performance

Shares of NYSE H opened at $157.50 on Friday. The firm has a 50-day simple moving average of $133.43 and a 200-day simple moving average of $119.23. The stock has a market capitalization of $16.21 billion, a price-to-earnings ratio of 77.21, a price-to-earnings-growth ratio of 21.35 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $158.32.

Hyatt Hotels (NYSE:HGet Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the firm posted $2.55 earnings per share. On average, equities analysts predict that Hyatt Hotels will post 3.42 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 28th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.38%. Hyatt Hotels’s dividend payout ratio is currently 29.41%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Malaika Myers sold 3,351 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $120.35, for a total transaction of $403,292.85. Following the transaction, the insider now directly owns 15,956 shares in the company, valued at $1,920,304.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Malaika Myers sold 3,351 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $120.35, for a total transaction of $403,292.85. Following the transaction, the insider now directly owns 15,956 shares in the company, valued at $1,920,304.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jnp Parachute Mirror Trust L sold 66,701 shares of Hyatt Hotels stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $126.21, for a total transaction of $8,418,333.21. The disclosure for this sale can be found here. Insiders have sold 78,552 shares of company stock worth $9,918,594 over the last three months. Insiders own 22.15% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of H. State of Wyoming raised its stake in shares of Hyatt Hotels by 4.2% during the 4th quarter. State of Wyoming now owns 2,180 shares of the company’s stock worth $197,000 after buying an additional 88 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Hyatt Hotels by 3.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,997 shares of the company’s stock worth $343,000 after buying an additional 88 shares during the last quarter. Procyon Advisors LLC raised its stake in shares of Hyatt Hotels by 3.8% during the 4th quarter. Procyon Advisors LLC now owns 2,627 shares of the company’s stock worth $343,000 after buying an additional 96 shares during the last quarter. Gilbert & Cook Inc. raised its stake in shares of Hyatt Hotels by 5.8% during the 4th quarter. Gilbert & Cook Inc. now owns 2,047 shares of the company’s stock worth $267,000 after buying an additional 113 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Hyatt Hotels by 49.8% during the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 46.03% of the company’s stock.

Hyatt Hotels Company Profile

(Get Free Report)

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/SW Asia 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, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.

See Also

Analyst Recommendations for Hyatt Hotels (NYSE:H)

Receive News & Ratings for Hyatt Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels and related companies with MarketBeat.com's FREE daily email newsletter.