Hyatt Hotels (NYSE:H) Price Target Lowered to $122.00 at Barclays

Hyatt Hotels (NYSE:H - Get Free Report) had its target price dropped by equities researchers at Barclays from $151.00 to $122.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price points to a potential upside of 13.94% from the company's previous close.

A number of other analysts have also recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group reiterated a "sell" rating and set a $110.00 price target (down previously from $150.00) on shares of Hyatt Hotels in a research report on Monday, April 14th. Susquehanna lifted their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their target price on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Finally, Macquarie dropped their price target on shares of Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $151.83.

Hyatt Hotels Stock Performance

NYSE:H traded up $2.86 during trading hours on Tuesday, reaching $107.08. 321,608 shares of the stock were exchanged, compared to its average volume of 639,908. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels has a 52 week low of $102.43 and a 52 week high of $168.20. The firm has a 50 day simple moving average of $125.54 and a 200-day simple moving average of $145.30. The stock has a market capitalization of $10.30 billion, a P/E ratio of 8.61 and a beta of 1.35.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.22). The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period in the prior year, the business earned $0.64 EPS. As a group, sell-side analysts forecast that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares of the company's stock, valued at $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark R. Vondrasek sold 10,000 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the sale, the insider now directly owns 9,337 shares of the company's stock, valued at $1,090,561.60. This represents a 51.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,600 shares of company stock valued at $1,517,798 in the last quarter. Company insiders own 23.70% of the company's stock.

Institutional Trading of Hyatt Hotels

Several hedge funds have recently added to or reduced their stakes in H. Barclays PLC boosted its stake in Hyatt Hotels by 2.3% in the 3rd quarter. Barclays PLC now owns 45,648 shares of the company's stock valued at $6,946,000 after buying an additional 1,032 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Hyatt Hotels during the third quarter worth $1,048,000. Sanctuary Advisors LLC boosted its stake in shares of Hyatt Hotels by 30.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 5,278 shares of the company's stock valued at $825,000 after purchasing an additional 1,244 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Hyatt Hotels in the 3rd quarter worth $4,520,000. Finally, Tidal Investments LLC acquired a new stake in shares of Hyatt Hotels in the 3rd quarter valued at approximately $273,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.