Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its price target hoisted by research analysts at Deutsche Bank Aktiengesellschaft from $120.00 to $127.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential downside of 12.83% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Robert W. Baird set a $157.00 target price on shares of Hyatt Hotels in a report on Thursday, October 17th. Morgan Stanley dropped their target price on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Susquehanna dropped their target price on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Sanford C. Bernstein cut their price target on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Truist Financial cut their price target on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels has an average rating of “Hold” and an average price target of $152.24.

Hyatt Hotels Price Performance

Shares of NYSE:H traded up $0.25 during trading on Friday, reaching $145.70. The company had a trading volume of 261,136 shares, compared to its average volume of 585,416. The firm’s fifty day moving average is $151.00 and its 200 day moving average is $149.00. The firm has a market capitalization of $14.62 billion, a PE ratio of 15.72 and a beta of 1.50. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm earned $0.70 EPS. On average, equities analysts forecast that Hyatt Hotels will post 3.87 EPS for the current year.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at $93,389,982.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several large investors have recently added to or reduced their stakes in the business. Malaga Cove Capital LLC boosted its holdings in shares of Hyatt Hotels by 37.9% during the 3rd quarter. Malaga Cove Capital LLC now owns 4,241 shares of the company’s stock worth $645,000 after buying an additional 1,165 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Hyatt Hotels by 0.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock worth $2,365,000 after buying an additional 66 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Hyatt Hotels by 7.7% during the 3rd quarter. QRG Capital Management Inc. now owns 19,080 shares of the company’s stock worth $2,904,000 after buying an additional 1,368 shares during the period. Hedeker Wealth LLC bought a new stake in shares of Hyatt Hotels during the 3rd quarter worth $1,556,000. Finally, Hunter Associates Investment Management LLC boosted its holdings in shares of Hyatt Hotels by 0.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock worth $2,601,000 after buying an additional 95 shares during the period. 71.02% of the stock is owned by institutional investors.

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.