JPMorgan Chase & Co. Issues Positive Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its target price lifted by JPMorgan Chase & Co. from $163.00 to $168.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also issued reports on the stock. Sanford C. Bernstein reduced their price target on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Evercore ISI lifted their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. Morgan Stanley decreased their price objective on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Bank of America lifted their price target on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $152.88.

Hyatt Hotels Stock Down 0.3 %

NYSE:H opened at $159.09 on Friday. The company’s 50 day moving average is $154.99 and its two-hundred day moving average is $150.34. The company has a market cap of $15.28 billion, a PE ratio of 11.99 and a beta of 1.50. Hyatt Hotels has a twelve month low of $124.40 and a twelve month high of $168.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last issued its quarterly 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. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the previous year, the firm posted $0.70 EPS. Analysts anticipate that Hyatt Hotels will post 3.89 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of the firm’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 in the company, valued at $927,622.02. This trade represents a 39.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 23.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC purchased a new position in shares of Hyatt Hotels in the 2nd quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Hyatt Hotels during the 3rd quarter worth approximately $30,000. Blue Trust Inc. raised its holdings in shares of Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after purchasing an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Hyatt Hotels by 1,107.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after purchasing an additional 310 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in shares of Hyatt Hotels during the third quarter worth $51,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

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.