Hyatt Hotels (NYSE:H) Price Target Increased to $23.00 by Analysts at TD Securities

Hyatt Hotels (NYSE:H) had its price target upped by TD Securities from $22.00 to $23.00 in a research report released on Friday, Stock Target Advisor reports. They currently have a hold rating on the stock.

Other analysts also recently issued reports about the company. Deutsche Bank set a $72.00 price objective on Hyatt Hotels and gave the company a hold rating in a report on Friday, November 1st. Goldman Sachs Group upgraded Hyatt Hotels from a neutral rating to a buy rating and lifted their target price for the company from $88.00 to $91.00 in a research note on Thursday, September 19th. Cowen set a $70.00 target price on Hyatt Hotels and gave the company a hold rating in a research note on Wednesday, October 9th. Wells Fargo & Co cut their target price on Hyatt Hotels from $78.00 to $76.00 and set a market perform rating on the stock in a research note on Friday, October 18th. Finally, ValuEngine lowered Hyatt Hotels from a buy rating to a hold rating in a research note on Saturday, August 31st. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Hyatt Hotels has an average rating of Hold and a consensus price target of $66.78.

Shares of NYSE:H traded down $0.01 on Friday, hitting $77.77. 266,271 shares of the company’s stock were exchanged, compared to its average volume of 596,800. Hyatt Hotels has a 12 month low of $63.45 and a 12 month high of $81.57. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 6.91 and a beta of 1.08. The business’s 50 day simple moving average is $73.14 and its two-hundred day simple moving average is $74.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.41 and a quick ratio of 1.40.

Hyatt Hotels (NYSE:H) last released its earnings results on Wednesday, October 30th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. Hyatt Hotels had a return on equity of 6.47% and a net margin of 10.01%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $0.33 earnings per share. Equities analysts forecast that Hyatt Hotels will post 1.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.98%. Hyatt Hotels’s payout ratio is 38.38%.

In other news, insider David Udell sold 4,337 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $72.06, for a total transaction of $312,524.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark R. Vondrasek sold 3,807 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $76.54, for a total value of $291,387.78. The disclosure for this sale can be found here. 24.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in Hyatt Hotels by 12.0% in the second quarter. Envestnet Asset Management Inc. now owns 79,281 shares of the company’s stock valued at $6,036,000 after buying an additional 8,478 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Hyatt Hotels by 2.2% in the second quarter. BNP Paribas Arbitrage SA now owns 167,666 shares of the company’s stock valued at $12,764,000 after buying an additional 3,546 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Hyatt Hotels by 458.1% in the second quarter. JPMorgan Chase & Co. now owns 58,938 shares of the company’s stock valued at $4,430,000 after buying an additional 48,378 shares during the last quarter. Assetmark Inc. boosted its position in Hyatt Hotels by 47.9% in the second quarter. Assetmark Inc. now owns 58,723 shares of the company’s stock valued at $4,471,000 after buying an additional 19,025 shares during the last quarter. Finally, BTIM Corp. boosted its position in Hyatt Hotels by 0.4% in the second quarter. BTIM Corp. now owns 94,660 shares of the company’s stock valued at $7,206,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 37.46% of the company’s stock.

About Hyatt Hotels

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

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Analyst Recommendations for Hyatt Hotels (NYSE:H)

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