Morgan Stanley Issues Pessimistic Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H - Get Free Report) had its target price reduced by equities research analysts at Morgan Stanley from $160.00 to $153.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 0.18% from the company's previous close.

H has been the subject of a number of other reports. Bank of America raised their price target on Hyatt Hotels from $165.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Sanford C. Bernstein dropped their price target on shares of Hyatt Hotels from $185.00 to $178.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. HSBC lowered shares of Hyatt Hotels from a "buy" rating to a "hold" rating and set a $156.00 price objective for the company. in a research note on Friday, November 1st. Barclays cut their target price on Hyatt Hotels from $151.00 to $144.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Finally, Cfra set a $155.00 price target on Hyatt Hotels in a research note on Thursday, October 17th. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of "Hold" and a consensus price target of $151.57.

Hyatt Hotels Stock Down 0.1 %

Shares of Hyatt Hotels stock traded down $0.22 during midday trading on Monday, hitting $152.72. The company's stock had a trading volume of 521,528 shares, compared to its average volume of 586,514. Hyatt Hotels has a 1-year low of $112.85 and a 1-year high of $162.24. The firm has a market capitalization of $14.67 billion, a P/E ratio of 11.53 and a beta of 1.50. 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 stock has a 50-day simple moving average of $151.92 and a 200-day simple moving average of $149.19.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business earned $0.70 EPS. As a group, sell-side analysts expect that Hyatt Hotels will post 3.85 earnings per share for the current year.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of Hyatt Hotels stock in a transaction that occurred on 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 directly owns 623,556 shares in the company, valued at approximately $92,373,585.84. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Large investors have recently bought and sold shares of the stock. LRI Investments LLC bought a new stake in shares of Hyatt Hotels in the 1st quarter worth approximately $26,000. Summit Securities Group LLC bought a new position in Hyatt Hotels during the second quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Hyatt Hotels in the third quarter worth about $30,000. Blue Trust Inc. increased its stake in shares of Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company's stock worth $49,000 after buying an additional 213 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Hyatt Hotels by 1,107.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company's stock valued at $50,000 after purchasing an additional 310 shares during the last quarter. 71.02% of the stock is currently owned by institutional investors.

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.