Hyatt Hotels (NYSE:H) Given New $150.00 Price Target at The Goldman Sachs Group

Hyatt Hotels (NYSE:H) had its target price lowered by stock analysts at The Goldman Sachs Group from $170.00 to $150.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 10.01% from the stock’s current price.

H has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price target on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their target price on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Robert W. Baird lowered their price target on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Susquehanna increased their price objective on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Finally, Truist Financial lifted their target price on Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $162.24.

Hyatt Hotels Stock Down 2.5 %

Shares of H traded down $3.52 during midday trading on Thursday, hitting $136.36. 189,216 shares of the company’s stock traded hands, compared to its average volume of 685,245. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 10.96 and a beta of 1.51. Hyatt Hotels has a 1 year low of $128.91 and a 1 year high of $168.20. The firm’s fifty day moving average is $152.75 and its 200-day moving average is $152.87.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business posted $0.64 EPS. As a group, sell-side analysts anticipate that Hyatt Hotels will post 3.05 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bernard Wealth Management Corp. acquired a new position in Hyatt Hotels in the fourth quarter valued at about $26,000. Versant Capital Management Inc raised its stake in shares of Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after acquiring an additional 175 shares during the period. UMB Bank n.a. lifted its holdings in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after acquiring an additional 104 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in Hyatt Hotels in the 3rd quarter valued at approximately $51,000. Finally, Venturi Wealth Management LLC increased its holdings in Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after purchasing an additional 300 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

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.