Truist Financial Cuts Hyatt Hotels (NYSE:H) Price Target to $156.00

Hyatt Hotels (NYSE:H) had its price objective reduced by equities researchers at Truist Financial from $163.00 to $156.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 25.90% from the stock’s previous close.

A number of other brokerages also recently commented on H. JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus increased their price target on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Barclays decreased their price target on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Susquehanna increased their price target on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Finally, Robert W. Baird decreased their target price on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $161.87.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $123.91 on Friday. The company has a market cap of $11.91 billion, a PE ratio of 9.96 and a beta of 1.51. Hyatt Hotels has a 52 week low of $119.30 and a 52 week high of $168.20. The business has a 50 day moving average price of $146.02 and a 200-day moving average price of $151.20. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period last year, the company earned $0.64 earnings per share. Equities analysts anticipate that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Insider Activity at Hyatt Hotels

In other news, insider Kinsey Wolf sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the transaction, the insider now directly owns 811 shares in the company, valued at approximately $99,712.45. This represents a 55.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the transaction, the director now owns 37,927 shares of the company’s stock, valued at $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Townsquare Capital LLC lifted its stake in shares of Hyatt Hotels by 3.4% in the 4th quarter. Townsquare Capital LLC now owns 2,801 shares of the company’s stock valued at $440,000 after acquiring an additional 92 shares during the last quarter. Kensington Investment Counsel LLC raised its position in Hyatt Hotels by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock valued at $2,136,000 after purchasing an additional 95 shares during the last quarter. Bridges Investment Management Inc. raised its position in Hyatt Hotels by 2.3% during the 4th quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock valued at $681,000 after purchasing an additional 99 shares during the last quarter. UMB Bank n.a. raised its position in Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Hyatt Hotels by 0.9% during the 4th quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock valued at $2,049,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 73.54% 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.