Hyatt Hotels (NYSE:H) Price Target Raised to $176.00 at Jefferies Financial Group

Hyatt Hotels (NYSE:H) had its target price increased by research analysts at Jefferies Financial Group from $150.00 to $176.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 11.73% from the company’s current price.

H has been the subject of several other reports. Stifel Nicolaus increased their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Cfra set a $155.00 price target on Hyatt Hotels in a research note on Thursday, October 17th. The Goldman Sachs Group lifted their target price on shares of Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Macquarie decreased their target price on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $155.21.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock traded up $0.54 during trading on Thursday, hitting $157.52. The stock had a trading volume of 52,014 shares, compared to its average volume of 583,077. Hyatt Hotels has a fifty-two week low of $124.40 and a fifty-two week high of $168.20. The firm has a market cap of $15.13 billion, a P/E ratio of 11.87 and a beta of 1.50. The business has a fifty day moving average of $156.23 and a two-hundred day moving average of $151.40. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm posted $0.70 EPS. On average, sell-side analysts expect that Hyatt Hotels will post 3.89 earnings per share for the current fiscal year.

Insider Transactions at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the sale, the insider now directly owns 5,798 shares in the company, valued at $927,622.02. This represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of large investors have recently added to or reduced their stakes in the business. Bamco Inc. NY grew its holdings in shares of Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after acquiring an additional 68,608 shares during the period. Wellington Management Group LLP grew its holdings in shares of Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after buying an additional 56,082 shares during the last quarter. State Street Corp increased its position in shares of Hyatt Hotels by 0.4% during the third quarter. State Street Corp now owns 1,441,148 shares of the company’s stock valued at $219,343,000 after acquiring an additional 6,007 shares in the last quarter. Geode Capital Management LLC boosted its stake in Hyatt Hotels by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after purchasing an additional 7,440 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hyatt Hotels by 10.6% in the second quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock worth $73,822,000 after purchasing an additional 46,574 shares during the last quarter. Hedge funds and other 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.