Robert W. Baird Issues Positive Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its price objective lifted by Robert W. Baird from $157.00 to $158.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 10.43% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company reduced their price target on shares of Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a research report on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 target price for the company. Stifel Nicolaus lifted their price target on Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a report on Tuesday, August 20th. Susquehanna decreased their price objective on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, August 14th. Finally, Morgan Stanley cut their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $151.57.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $143.08 on Monday. The company has a market cap of $14.35 billion, a PE ratio of 10.78 and a beta of 1.50. Hyatt Hotels has a fifty-two week low of $102.62 and a fifty-two week high of $162.24. The firm has a 50-day simple moving average of $150.85 and a 200 day simple moving average of $148.89. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period in the prior year, the company earned $0.70 earnings per share. On average, sell-side analysts anticipate that Hyatt Hotels will post 3.87 EPS for the current year.

Insider Transactions at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the transaction, the insider now owns 623,556 shares in the company, valued at $92,373,585.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Hyatt Hotels by 12.3% during the third quarter. Victory Capital Management Inc. now owns 29,076 shares of the company’s stock valued at $4,425,000 after buying an additional 3,176 shares in the last quarter. Aigen Investment Management LP purchased a new position in Hyatt Hotels during the 3rd quarter valued at about $621,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Hyatt Hotels by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,971 shares of the company’s stock valued at $12,933,000 after purchasing an additional 610 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Hyatt Hotels by 18.9% in the third quarter. Crossmark Global Holdings Inc. now owns 3,917 shares of the company’s stock worth $596,000 after purchasing an additional 622 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its holdings in shares of Hyatt Hotels by 7.3% during the third quarter. Bridges Investment Management Inc. now owns 4,242 shares of the company’s stock worth $646,000 after purchasing an additional 287 shares during the period. Hedge funds and other institutional investors own 71.02% of the company’s stock.

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.