Stifel Nicolaus Issues Positive Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its target price raised by Stifel Nicolaus from $145.50 to $157.50 in a report issued on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

H has been the topic of several other reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Evercore ISI raised their price target on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Sanford C. Bernstein dropped their price objective on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Cfra set a $155.00 target price on Hyatt Hotels in a research note on Thursday, October 17th. Finally, Bank of America boosted their price target on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Fifteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels has a consensus rating of “Hold” and a consensus target price of $151.88.

Hyatt Hotels Trading Up 1.2 %

Shares of NYSE:H opened at $157.94 on Tuesday. The stock’s 50-day simple moving average is $153.54 and its two-hundred day simple moving average is $149.52. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 11.91 and a beta of 1.50. Hyatt Hotels has a 52-week low of $112.85 and a 52-week high of $162.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period last year, the firm earned $0.70 earnings per share. Analysts expect that Hyatt Hotels will post 3.89 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insider Activity at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares in the company, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds have recently made changes to their positions in the stock. Asset Management One Co. Ltd. boosted its stake in Hyatt Hotels by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after acquiring an additional 66 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of Hyatt Hotels by 1.5% during the 3rd quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock valued at $738,000 after purchasing an additional 70 shares during the last quarter. Red Spruce Capital LLC boosted its position in shares of Hyatt Hotels by 0.7% in the 2nd quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock worth $2,126,000 after purchasing an additional 92 shares in the last quarter. Hunter Associates Investment Management LLC grew its stake in Hyatt Hotels by 0.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock worth $2,601,000 after buying an additional 95 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Hyatt Hotels by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $1,945,000 after buying an additional 100 shares in the last quarter. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

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.