Jefferies Financial Group Issues Pessimistic Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H - Get Free Report) had its target price dropped by equities research analysts at Jefferies Financial Group from $161.00 to $120.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the stock. Jefferies Financial Group's price objective suggests a potential upside of 6.72% from the stock's current price.

Several other brokerages have also issued reports on H. Barclays dropped their target price 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. Truist Financial lowered their price objective on Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Susquehanna increased their target price on Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Morgan Stanley lowered their price target on Hyatt Hotels from $157.00 to $144.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. increased their price objective on Hyatt Hotels from $163.00 to $168.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $158.86.

Remove Ads

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock traded up $1.19 on Wednesday, hitting $112.44. The company's stock had a trading volume of 627,754 shares, compared to its average volume of 630,985. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 9.04 and a beta of 1.35. The firm has a fifty day moving average price of $132.17 and a 200-day moving average price of $147.28. 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 1 year low of $102.43 and a 1 year high of $168.20.

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

Insider Transactions at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 10,000 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the sale, the insider now owns 9,337 shares of the company's stock, valued at approximately $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated 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 transaction, the director now owns 37,927 shares of the company's stock, valued at $5,377,290.06. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,600 shares of company stock worth $1,517,798 over the last ninety days. Company insiders own 23.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC acquired a new position in Hyatt Hotels in the third quarter valued at $605,000. Quantinno Capital Management LP boosted its stake in Hyatt Hotels by 6.3% during the 3rd quarter. Quantinno Capital Management LP now owns 7,020 shares of the company's stock worth $1,068,000 after purchasing an additional 418 shares during the period. State Street Corp grew its position in Hyatt Hotels by 0.4% during the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company's stock worth $219,343,000 after purchasing an additional 6,007 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in Hyatt Hotels in the third quarter valued at $51,000. Finally, MML Investors Services LLC raised its holdings in shares of Hyatt Hotels by 5.3% in the third quarter. MML Investors Services LLC now owns 5,249 shares of the company's stock valued at $799,000 after buying an additional 262 shares during the last quarter. Hedge funds and other 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.