Wells Fargo & Company Has Lowered Expectations for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its target price lowered by stock analysts at Wells Fargo & Company from $172.00 to $170.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 8.36% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Bank of America boosted their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price objective on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Mizuho lowered their target price on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, Stifel Nicolaus upped their price target on shares of Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and a consensus target price of $156.38.

Hyatt Hotels Price Performance

H stock opened at $156.89 on Tuesday. The company has a fifty day simple moving average of $156.99 and a two-hundred day simple moving average of $152.05. Hyatt Hotels has a 52 week low of $125.44 and a 52 week high of $168.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $15.07 billion, a P/E ratio of 11.82 and a beta of 1.48.

Insider Activity at Hyatt Hotels

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

Institutional Investors Weigh In On Hyatt Hotels

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new position in Hyatt Hotels in the 2nd quarter worth approximately $902,000. Creative Planning raised its holdings in shares of Hyatt Hotels by 16.6% during the second quarter. Creative Planning now owns 4,244 shares of the company’s stock worth $645,000 after purchasing an additional 603 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Hyatt Hotels by 8.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,996 shares of the company’s stock valued at $303,000 after purchasing an additional 149 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Hyatt Hotels during the 2nd quarter worth about $610,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Hyatt Hotels during the 2nd quarter valued at about $122,000. 73.54% of the stock is owned by hedge funds and other 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.