Hyatt Hotels (NYSE:H) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Hyatt Hotels (NYSE:H) had its price target lifted by equities researchers at The Goldman Sachs Group from $151.00 to $167.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 5.34% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Bank of America upped their price target on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Mizuho dropped their price target on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. StockNews.com raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Hsbc Global Res raised Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Finally, Cfra set a $155.00 price objective on Hyatt Hotels in a report on Thursday, October 17th. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $152.64.

Hyatt Hotels Trading Down 3.0 %

Shares of H stock opened at $158.53 on Tuesday. Hyatt Hotels has a 52-week low of $123.00 and a 52-week high of $168.20. The company has a 50-day simple moving average of $154.28 and a two-hundred day simple moving average of $150.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $15.22 billion, a price-to-earnings ratio of 11.95 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period last year, the firm posted $0.70 EPS. Research analysts anticipate that Hyatt Hotels will post 3.89 EPS for the current fiscal year.

Insider Activity at Hyatt Hotels

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

Institutional Trading of Hyatt Hotels

Institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in Hyatt Hotels by 333.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after buying an additional 199,773 shares during the period. Interval Partners LP raised its position in shares of Hyatt Hotels by 314.1% during the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after purchasing an additional 182,297 shares during the period. Principal Financial Group Inc. lifted its position in shares of Hyatt Hotels by 6.5% in the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares in the last quarter. Icon Wealth Advisors LLC raised its position in shares of Hyatt Hotels by 17,641.6% during the third quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after buying an additional 130,724 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Hyatt Hotels by 700.5% during the second quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock valued at $18,648,000 after purchasing an additional 107,412 shares in the last quarter. 71.02% of the stock is currently 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.