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

Hyatt Hotels (NYSE:H) had its target price upped by TD Securities from $22.00 to $23.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. ValuEngine lowered Hyatt Hotels from a buy rating to a hold rating in a research note on Saturday, August 31st. Wolfe Research set a $90.00 target price on Hyatt Hotels and gave the stock a buy rating in a research note on Friday, November 1st. Raymond James reissued a market perform rating and set a $25.00 target price on shares of Hyatt Hotels in a research note on Friday. CIBC increased their target price on Hyatt Hotels from $24.00 to $25.00 in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Hyatt Hotels from $78.00 to $73.00 and set a neutral rating on the stock in a research note on Friday, September 6th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $66.78.

H traded down $0.01 during mid-day trading on Friday, hitting $77.77. 266,271 shares of the stock were exchanged, compared to its average volume of 596,800. The firm’s fifty day moving average is $73.14 and its two-hundred day moving average is $74.93. Hyatt Hotels has a 1-year low of $63.45 and a 1-year high of $81.57. The company has a current ratio of 1.41, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a market cap of $8.11 billion, a PE ratio of 39.28, a PEG ratio of 6.91 and a beta of 1.08.

Hyatt Hotels (NYSE:H) last posted its earnings results on Wednesday, October 30th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, research analysts anticipate that Hyatt Hotels will post 1.81 earnings per share for the current year.

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

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,807 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David Udell sold 4,337 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $72.06, for a total value of $312,524.22. The disclosure for this sale can be found here. 24.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in shares of Hyatt Hotels during the 3rd quarter worth about $37,000. Toronto Dominion Bank acquired a new stake in shares of Hyatt Hotels during the 2nd quarter worth about $54,000. Tower Research Capital LLC TRC raised its position in shares of Hyatt Hotels by 177.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,080 shares of the company’s stock worth $82,000 after acquiring an additional 691 shares in the last quarter. Pearl River Capital LLC acquired a new stake in shares of Hyatt Hotels during the 2nd quarter worth about $128,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Hyatt Hotels during the 3rd quarter worth about $132,000. 37.46% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

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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