Morgan Stanley Issues Positive Forecast for Hyatt Hotels (NYSE:H) Stock Price
by Doug Wharley · The Cerbat GemHyatt Hotels (NYSE:H – Free Report) had its price objective upped by Morgan Stanley from $185.00 to $195.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.
Other equities analysts have also issued reports about the company. Barclays boosted their price target on Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Stifel Nicolaus boosted their price target on Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, December 31st. Wells Fargo & Company boosted their price target on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Finally, Truist Financial boosted their price target on Hyatt Hotels from $168.00 to $181.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.43.
Check Out Our Latest Stock Report on H
Hyatt Hotels Stock Performance
NYSE H opened at $155.41 on Friday. The firm has a market capitalization of $14.68 billion, a P/E ratio of -277.53, a P/E/G ratio of 1.85 and a beta of 1.28. Hyatt Hotels has a 1-year low of $102.93 and a 1-year high of $180.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The business’s 50-day simple moving average is $154.96 and its 200-day simple moving average is $155.18.
Hyatt Hotels (NYSE:H – Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $1.04. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same period in the previous year, the company posted $0.42 EPS. Equities analysts predict that Hyatt Hotels will post 3.05 EPS for the current year.
Hyatt Hotels Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is presently -107.14%.
Insider Activity
In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total value of $58,912.00. Following the transaction, the insider directly owned 545 shares of the company’s stock, valued at $80,267.60. This represents a 42.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 23.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Hyatt Hotels
A number of institutional investors have recently made changes to their positions in H. Veritas Asset Management LLP raised its position in shares of Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after purchasing an additional 1,695,616 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after purchasing an additional 843,121 shares in the last quarter. Bank of America Corp DE raised its position in shares of Hyatt Hotels by 84.5% in the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Hyatt Hotels by 24.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after purchasing an additional 545,003 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.
About Hyatt Hotels
Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.
Hyatt’s business model combines property ownership, management contracts and third-party franchising.