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

Hyatt Hotels (NYSE:H) had its price target decreased by equities researchers at Truist Financial from $163.00 to $156.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 25.90% from the company’s previous close.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Macquarie reduced their target price on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Susquehanna lifted their target price on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Mizuho reduced their target price on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Finally, Barclays reduced their target price on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $161.87.

Hyatt Hotels Trading Down 1.4 %

NYSE:H opened at $123.91 on Friday. Hyatt Hotels has a fifty-two week low of $119.30 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $11.91 billion, a PE ratio of 9.96 and a beta of 1.51. The business’s 50-day simple moving average is $146.02 and its 200-day simple moving average is $151.20.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business posted $0.64 EPS. Sell-side analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Kinsey Wolf sold 1,000 shares of the 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 sale, the insider now owns 811 shares of the company’s stock, valued at approximately $99,712.45. This represents a 55.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

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