Hyatt Hotels (NYSE:H) Given New $198.00 Price Target at Mizuho

Hyatt Hotels (NYSE:H - Get Free Report) had its price objective dropped by investment analysts at Mizuho from $200.00 to $198.00 in a report released on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's target price would indicate a potential upside of 38.39% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the company. Macquarie cut their target price on Hyatt Hotels from $165.00 to $164.00 and set an "outperform" rating on the stock in a research note on Friday. The Goldman Sachs Group initiated coverage on shares of Hyatt Hotels in a research report on Wednesday, September 18th. They issued a "neutral" rating and a $151.00 price target on the stock. Truist Financial dropped their price target on shares of Hyatt Hotels from $169.00 to $158.00 and set a "buy" rating on the stock in a research report on Friday. Barclays dropped their price target on Hyatt Hotels from $151.00 to $144.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, HSBC cut Hyatt Hotels from a "buy" rating to a "hold" rating and set a $156.00 price target on the stock. in a research note on Friday. 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 stock. According to MarketBeat.com, Hyatt Hotels has an average rating of "Hold" and a consensus price target of $151.57.

Hyatt Hotels Stock Down 1.4 %

NYSE:H traded down $1.97 during trading hours on Monday, hitting $143.07. The stock had a trading volume of 655,262 shares, compared to its average volume of 587,547. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels has a 1-year low of $102.62 and a 1-year high of $162.24. The business has a 50 day simple moving average of $150.93 and a two-hundred day simple moving average of $148.92. The company has a market cap of $14.35 billion, a PE ratio of 10.78 and a beta of 1.50.

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 net margin of 20.55% and a return on equity of 10.75%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company earned $0.70 earnings per share. Analysts predict that Hyatt Hotels will post 3.87 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 23.50% of the company's stock.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently made changes to their positions in H. LRI Investments LLC bought a new position in Hyatt Hotels in the first quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in Hyatt Hotels in the 2nd quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Hyatt Hotels in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. raised its position in Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company's stock valued at $49,000 after buying an additional 213 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Hyatt Hotels in the 1st quarter valued at approximately $53,000. 71.02% of the stock is currently 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.