Evercore ISI Boosts Hyatt Hotels (NYSE:H) Price Target to $155.00

Hyatt Hotels (NYSE:H) had its price objective upped by Evercore ISI from $145.00 to $155.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Several other analysts have also issued reports on the stock. Macquarie cut their price target on shares of Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. The Goldman Sachs Group started coverage on Hyatt Hotels in a report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 target price for the company. Susquehanna decreased their price target on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus increased their price objective on Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a research note on Tuesday, August 20th. Finally, StockNews.com downgraded shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, twelve have assigned 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 an average price target of $152.25.

Hyatt Hotels Price Performance

H opened at $152.57 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $15.44 billion, a P/E ratio of 23.69 and a beta of 1.50. The stock has a 50-day moving average price of $150.06 and a 200-day moving average price of $149.04. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $162.24.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same period last year, the business earned $0.82 earnings per share. Equities analysts predict that Hyatt Hotels will post 3.93 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio (DPR) is 9.32%.

Insider Activity

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares in the company, valued at $92,373,585.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several hedge funds and other institutional investors have recently made changes to their positions in H. LRI Investments LLC purchased a new stake in Hyatt Hotels during the 1st quarter valued at about $26,000. Riverview Trust Co bought a new position in shares of Hyatt Hotels in the first quarter worth approximately $27,000. Summit Securities Group LLC purchased a new stake in shares of Hyatt Hotels during the second quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Hyatt Hotels during the third quarter valued at approximately $30,000. Finally, Blue Trust Inc. raised its holdings in Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after acquiring an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 71.02% 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.