The Goldman Sachs Group Issues Pessimistic Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H - Get Free Report) had its price objective lowered by equities research analysts at The Goldman Sachs Group from $170.00 to $150.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. The Goldman Sachs Group's price target points to a potential upside of 10.41% from the stock's previous close.

Several other research firms also recently weighed in on H. Macquarie dropped their price objective on Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, February 14th. Robert W. Baird dropped their price target on Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Barclays decreased their price objective on shares of Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Wells Fargo & Company dropped their target price on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Finally, Stifel Nicolaus lifted their target price on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $162.24.

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Hyatt Hotels Price Performance

Hyatt Hotels stock traded down $1.17 during midday trading on Thursday, reaching $135.86. The company's stock had a trading volume of 1,256,792 shares, compared to its average volume of 708,095. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels has a fifty-two week low of $128.91 and a fifty-two week high of $168.20. The firm has a market capitalization of $13.06 billion, a PE ratio of 10.92 and a beta of 1.51. The stock's 50 day simple moving average is $151.47 and its 200 day simple moving average is $152.66.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $0.64 EPS. On average, equities research analysts forecast that Hyatt Hotels will post 3.05 earnings per share for the current year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 23.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hyatt Hotels

A number of large investors have recently modified their holdings of H. Bernard Wealth Management Corp. purchased a new stake in Hyatt Hotels during the 4th quarter worth $26,000. Versant Capital Management Inc increased its position in shares of Hyatt Hotels by 583.3% during the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company's stock worth $32,000 after acquiring an additional 175 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock worth $33,000 after acquiring an additional 104 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in Hyatt Hotels in the third quarter valued at about $51,000. Finally, Venturi Wealth Management LLC grew its stake in Hyatt Hotels by 750.0% during the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

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.