Hyatt Hotels (NYSE:H) Stock Price Expected to Rise, Mizuho Analyst Says

by · The Markets Daily

Hyatt Hotels (NYSE:H – Get Free Report) had its target price hoisted by analysts at Mizuho from $203.00 to $223.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 34.99% from the company’s current price.

Several other equities research analysts have also recently weighed in on H. Stifel Nicolaus upped their price target on Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a research note on Wednesday, December 31st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $188.00 price target on shares of Hyatt Hotels in a research note on Friday, January 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, December 29th. Barclays upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $161.00 to $200.00 in a report on Wednesday, December 17th. Finally, Morgan Stanley upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $147.00 to $168.00 in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.94.

Read Our Latest Report on Hyatt Hotels

Hyatt Hotels Stock Down 1.8%

Shares of NYSE H opened at $165.20 on Tuesday. The firm has a fifty day simple moving average of $159.43 and a two-hundred day simple moving average of $149.39. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $172.24. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $15.69 billion, a PE ratio of -177.63, a price-to-earnings-growth ratio of 1.88 and a beta of 1.29.

Hyatt Hotels (NYSE:H – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.79). Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. Hyatt Hotels’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current year.

Insider Buying and Selling

In other news, insider David Udell sold 4,300 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total transaction of $713,800.00. Following the transaction, the insider directly owned 13,746 shares of the company’s stock, valued at $2,281,836. This represents a 23.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Peter Sears sold 12,394 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $155.51, for a total value of $1,927,390.94. Following the sale, the insider directly owned 5,594 shares in the company, valued at $869,922.94. This trade represents a 68.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,383 shares of company stock worth $5,321,682 in the last three months. Insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Hyatt Hotels by 0.8% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock valued at $1,339,000 after purchasing an additional 72 shares during the last quarter. Allworth Financial LP grew its position in Hyatt Hotels by 17.8% in the 3rd quarter. Allworth Financial LP now owns 483 shares of the company’s stock worth $69,000 after purchasing an additional 73 shares during the period. New England Research & Management Inc. raised its stake in Hyatt Hotels by 0.3% during the 3rd quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock valued at $3,314,000 after buying an additional 80 shares during the last quarter. Atria Investments Inc raised its stake in Hyatt Hotels by 4.1% during the 2nd quarter. Atria Investments Inc now owns 2,063 shares of the company’s stock valued at $288,000 after buying an additional 81 shares during the last quarter. Finally, Gilbert & Cook Inc. lifted its holdings in shares of Hyatt Hotels by 3.5% during the 4th quarter. Gilbert & Cook Inc. now owns 2,439 shares of the company’s stock valued at $391,000 after buying an additional 83 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

About Hyatt Hotels

(Get Free Report)

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.

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