Truist Financial Increases Hyatt Hotels (NYSE:H) Price Target to $163.00

Hyatt Hotels (NYSE:H) had its price target lifted by equities researchers at Truist Financial from $158.00 to $163.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 13.97% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Evercore ISI increased their price target on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Stifel Nicolaus increased their target price on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. HSBC downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research note on Friday, November 1st. Bank of America increased their price objective on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their target price on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $162.39.

Hyatt Hotels Price Performance

Shares of H stock opened at $143.02 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $13.74 billion, a PE ratio of 10.78 and a beta of 1.48. The firm’s 50-day moving average is $156.47 and its two-hundred day moving average is $152.46. Hyatt Hotels has a 12 month low of $128.90 and a 12 month high of $168.20.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the previous year, the firm posted $0.64 EPS. Analysts predict that Hyatt Hotels will post 3.81 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This represents a 39.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in Hyatt Hotels by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after acquiring an additional 7,440 shares in the last quarter. TT International Asset Management LTD acquired a new stake in shares of Hyatt Hotels during the fourth quarter worth about $5,283,000. Assetmark Inc. lifted its holdings in shares of Hyatt Hotels by 162.2% in the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock valued at $7,464,000 after purchasing an additional 30,339 shares during the last quarter. Bamco Inc. NY boosted its position in shares of 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 purchasing an additional 68,608 shares during the period. Finally, Icon Wealth Advisors LLC boosted its position in shares of Hyatt Hotels by 17,641.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after purchasing an additional 130,724 shares during the period. 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.