Mizuho Has Lowered Expectations for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its target price decreased by equities research analysts at Mizuho from $207.00 to $201.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target points to a potential upside of 36.32% from the company’s previous close.

Several other brokerages have also issued reports on H. Stifel Nicolaus boosted their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research report on Tuesday, November 26th. HSBC cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a report on Friday, November 1st. StockNews.com upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Cfra set a $155.00 target price on shares of Hyatt Hotels in a research note on Thursday, October 17th. Finally, Macquarie dropped their price target on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Fourteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $156.53.

Hyatt Hotels Stock Performance

H stock opened at $147.45 on Friday. Hyatt Hotels has a twelve month low of $125.79 and a twelve month high of $168.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The company has a market cap of $14.16 billion, a P/E ratio of 11.11 and a beta of 1.48. The business’s fifty day moving average is $157.19 and its 200-day moving average is $152.46.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter last year, the company earned $0.64 earnings per share. Equities research analysts forecast that Hyatt Hotels will post 3.81 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other news, 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 of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of large investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY increased its holdings in Hyatt Hotels by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after buying an additional 68,608 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Hyatt Hotels by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company’s stock valued at $447,376,000 after acquiring an additional 9,477 shares during the last quarter. Principal Financial Group Inc. raised its position in Hyatt Hotels by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock valued at $422,960,000 after purchasing an additional 46,413 shares in the last quarter. Wellington Management Group LLP lifted its stake in Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after purchasing an additional 56,082 shares during the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of Hyatt Hotels by 2.2% in the 4th quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company’s stock valued at $269,532,000 after purchasing an additional 37,057 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

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.