Mizuho Cuts Hyatt Hotels (NYSE:H) Price Target to $198.00

Hyatt Hotels (NYSE:H) had its target price cut by Mizuho from $200.00 to $198.00 in a report released on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also commented on the stock. Sanford C. Bernstein dropped their price objective 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. Stifel Nicolaus raised their price target on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price target on the stock. Finally, Barclays dropped their price objective on shares of Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and an average price target of $151.57.

Hyatt Hotels Price Performance

H opened at $153.11 on Monday. The stock has a market cap of $15.36 billion, a P/E ratio of 11.54 and a beta of 1.50. Hyatt Hotels has a 12 month low of $103.89 and a 12 month high of $162.24. 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 company has a fifty day simple moving average of $150.87 and a 200 day simple moving average of $148.90.

Hyatt Hotels (NYSE:H) last released 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. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm posted $0.70 earnings per share. On average, research analysts expect that Hyatt Hotels will post 3.86 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s payout ratio is currently 4.52%.

Insider Buying and Selling

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the sale, the insider now owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several large investors have recently modified their holdings of H. LRI Investments LLC bought a new position in shares of Hyatt Hotels during the 1st quarter worth approximately $26,000. Summit Securities Group LLC bought a new position in Hyatt Hotels during the second quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Hyatt Hotels in the third quarter worth $30,000. Blue Trust Inc. increased its stake in Hyatt Hotels by 190.2% in the third 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. Finally, EverSource Wealth Advisors LLC boosted 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 in the last quarter. 71.02% of the stock is currently owned by institutional investors and hedge funds.

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.