Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $120.00 to $127.00 in a research report report published on Friday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Susquehanna decreased their price objective on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Barclays boosted their target price on Hyatt Hotels from $146.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 4th. Mizuho reduced their target price on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Macquarie reduced their target price on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $151.62.

Hyatt Hotels Price Performance

NYSE H traded down $0.41 during trading on Friday, reaching $145.04. 645,290 shares of the company traded hands, compared to its average volume of 587,228. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50 day moving average price is $150.93 and its two-hundred day moving average price is $148.93. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 10.93 and a beta of 1.50. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $162.24.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, analysts anticipate that Hyatt Hotels will post 3.87 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s payout ratio is 4.52%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the sale, the insider now owns 623,556 shares in the company, valued at approximately $92,373,585.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently made changes to their positions in H. Allspring Global Investments Holdings LLC grew its holdings in shares of Hyatt Hotels by 333.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after buying an additional 199,773 shares during the period. Interval Partners LP grew its holdings in shares of Hyatt Hotels by 314.1% in the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after buying an additional 182,297 shares during the period. Principal Financial Group Inc. boosted its stake in Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after purchasing an additional 162,562 shares during the period. Millennium Management LLC boosted its stake in Hyatt Hotels by 700.5% in the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock worth $18,648,000 after purchasing an additional 107,412 shares during the period. Finally, Natixis acquired a new position in Hyatt Hotels in the 1st quarter worth $14,074,000. 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.