JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H - Get Free Report) had its target price upped by stock analysts at JPMorgan Chase & Co. from $163.00 to $168.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 5.67% from the stock's current price.

Several other research analysts have also recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Hyatt Hotels from $151.00 to $167.00 and gave the stock a "neutral" rating in a report on Tuesday. Hsbc Global Res upgraded Hyatt Hotels to a "hold" rating in a report on Friday, November 1st. Evercore ISI upped their target price on Hyatt Hotels from $145.00 to $155.00 and gave the stock an "in-line" rating in a report on Monday, October 21st. Robert W. Baird raised their price target on Hyatt Hotels from $157.00 to $158.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Finally, Bank of America upped their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Fifteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of "Hold" and an average target price of $152.88.

Hyatt Hotels Stock Down 0.3 %

Shares of H traded down $0.54 during midday trading on Friday, hitting $158.99. The stock had a trading volume of 414,782 shares, compared to its average volume of 585,895. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 11.93 and a beta of 1.50. The company has a 50 day simple moving average of $154.88 and a two-hundred day simple moving average of $150.27. Hyatt Hotels has a twelve month low of $124.40 and a twelve month high of $168.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating 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 business 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 earned $0.70 EPS. On average, analysts anticipate that Hyatt Hotels will post 3.89 EPS for the current year.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, the insider now owns 5,798 shares in the company, valued at $927,622.02. This trade represents a 39.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Hyatt Hotels

Several large investors have recently modified their holdings of H. Summit Securities Group LLC acquired a new stake in shares of Hyatt Hotels in the 2nd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Hyatt Hotels during the 3rd quarter worth $30,000. Blue Trust Inc. boosted 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 buying an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company's stock valued at $50,000 after acquiring an additional 310 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in Hyatt Hotels during the third quarter worth about $51,000. 73.54% of the stock is owned by institutional investors and hedge funds.

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.