Robert W. Baird Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H - Free Report) had its price objective increased by Robert W. Baird from $157.00 to $158.00 in a research note published on Monday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Sanford C. Bernstein cut their price target on shares of Hyatt Hotels from $185.00 to $178.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Evercore ISI increased their price target on Hyatt Hotels from $145.00 to $155.00 and gave the stock an "in-line" rating in a report on Monday, October 21st. Morgan Stanley dropped their price target on shares of Hyatt Hotels from $161.00 to $153.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 7th. StockNews.com downgraded Hyatt Hotels from a "hold" rating to a "sell" rating in a report on Monday, August 12th. Finally, Mizuho decreased their target price on Hyatt Hotels from $204.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hyatt Hotels has a consensus rating of "Hold" and an average target price of $151.57.

Hyatt Hotels Stock Performance

NYSE H traded down $1.97 during mid-day trading on Monday, reaching $143.07. 655,262 shares of the stock were exchanged, compared to its average volume of 587,547. The business's 50 day moving average is $150.93 and its 200-day moving average is $148.92. The company has a market capitalization of $14.35 billion, a P/E ratio of 10.78 and a beta of 1.50. Hyatt Hotels has a 1 year low of $102.62 and a 1 year high of $162.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.75% and a net margin of 20.55%. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter in the prior year, the firm posted $0.70 EPS. On average, equities research analysts forecast that Hyatt Hotels will post 3.87 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.42%. Hyatt Hotels's payout ratio is currently 4.52%.

Insider Activity

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the sale, the insider now owns 623,556 shares of the company's stock, valued at $92,373,585.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 23.50% of the company's stock.

Institutional Trading of Hyatt Hotels

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its holdings in Hyatt Hotels by 165.7% during the 1st quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company's stock valued at $8,601,000 after buying an additional 33,603 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Hyatt Hotels during the 1st quarter worth about $85,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in Hyatt Hotels by 152.2% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,453 shares of the company's stock valued at $551,000 after purchasing an additional 2,084 shares during the last quarter. Embree Financial Group purchased a new position in Hyatt Hotels in the 1st quarter valued at about $200,000. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Hyatt Hotels by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 38,702 shares of the company's stock worth $6,178,000 after purchasing an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 71.02% 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.