Stifel Nicolaus Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its price objective hoisted by Stifel Nicolaus from $145.50 to $157.50 in a research report report published on Tuesday,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities research analysts have also recently commented on H. Macquarie reduced their price target on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Sanford C. Bernstein reduced their target price on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Robert W. Baird upped their price target on Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley decreased their price objective on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $151.88.

Hyatt Hotels Stock Performance

H stock opened at $156.36 on Tuesday. The firm has a market cap of $15.02 billion, a PE ratio of 11.79 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 stock has a 50-day moving average price of $153.19 and a 200-day moving average price of $149.40. Hyatt Hotels has a 1-year low of $112.85 and a 1-year high of $162.24.

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

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Insider Transactions at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’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 transaction, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. This represents a 7.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares in the company, valued at $927,622.02. This represents a 39.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several large investors have recently modified their holdings of H. Advisors Asset Management Inc. lifted its stake in shares of Hyatt Hotels by 53.7% during the 1st quarter. Advisors Asset Management Inc. now owns 4,118 shares of the company’s stock valued at $657,000 after buying an additional 1,438 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Hyatt Hotels by 41.2% during the first quarter. Tidal Investments LLC now owns 24,344 shares of the company’s stock worth $3,886,000 after acquiring an additional 7,098 shares in the last quarter. LRI Investments LLC bought a new position in shares of Hyatt Hotels in the first quarter worth $26,000. Red Spruce Capital LLC grew its position in shares of Hyatt Hotels by 0.7% in the second quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock valued at $2,126,000 after purchasing an additional 92 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Hyatt Hotels by 17.6% during the 2nd quarter. GAMMA Investing LLC now owns 767 shares of the company’s stock valued at $117,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors 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.