Hyatt Hotels (NYSE:H) Given New $156.00 Price Target at Truist Financial

Hyatt Hotels (NYSE:H - Get Free Report) had its price target cut by analysts at Truist Financial from $163.00 to $156.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price objective indicates a potential upside of 25.96% from the company's previous close.

A number of other research firms also recently issued reports on H. Susquehanna lifted their target price on Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Jefferies Financial Group upped their price objective on Hyatt Hotels from $150.00 to $176.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. Robert W. Baird decreased their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Finally, Evercore ISI raised shares of Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 price objective for the company in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $161.97.

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Hyatt Hotels Stock Up 1.9 %

Hyatt Hotels stock traded up $2.26 during midday trading on Friday, reaching $123.85. The stock had a trading volume of 372,278 shares, compared to its average volume of 582,719. The stock has a market capitalization of $11.91 billion, a P/E ratio of 9.96 and a beta of 1.51. The firm's fifty day simple moving average is $145.42 and its 200-day simple moving average is $151.02. 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 $116.13 and a 1-year high of $168.20.

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 analysts' consensus estimates of $0.64 by ($0.22). The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period in the prior year, the firm earned $0.64 EPS. As a group, analysts expect that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Kinsey Wolf sold 1,000 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the sale, the insider now owns 811 shares in the company, valued at $99,712.45. The trade was a 55.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 sale, the director now directly owns 37,927 shares in the company, valued at $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,600 shares of company stock worth $1,517,798. Corporate insiders own 23.50% of the company's stock.

Institutional Trading of Hyatt Hotels

Several institutional investors have recently modified their holdings of H. Raymond James Financial Inc. bought a new stake in shares of Hyatt Hotels in the 4th quarter valued at about $77,136,000. Invesco Ltd. boosted its holdings in Hyatt Hotels by 241.4% in the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company's stock valued at $106,677,000 after acquiring an additional 480,523 shares during the last quarter. Norges Bank acquired a new stake in Hyatt Hotels during the 4th quarter valued at approximately $61,572,000. Alyeska Investment Group L.P. bought a new position in Hyatt Hotels during the 4th quarter worth approximately $43,953,000. Finally, Deutsche Bank AG boosted its stake in shares of Hyatt Hotels by 209.8% in the 4th quarter. Deutsche Bank AG now owns 255,563 shares of the company's stock valued at $40,118,000 after purchasing an additional 173,075 shares during the last quarter. 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.