Hyatt Hotels (NYSE:H) Price Target Cut to $150.00 by Analysts at The Goldman Sachs Group

Hyatt Hotels (NYSE:H) had its target price reduced by The Goldman Sachs Group from $170.00 to $150.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 10.41% from the stock’s current price.

H has been the subject of several other research reports. Barclays dropped their price target on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Truist Financial boosted their price objective on shares of Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Jefferies Financial Group boosted their price objective on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Mizuho decreased their price objective on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Finally, Wells Fargo & Company decreased their price objective on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $162.24.

Hyatt Hotels Stock Performance

Shares of H stock opened at $135.86 on Thursday. Hyatt Hotels has a one year low of $128.91 and a one year high of $168.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. The company has a 50 day moving average price of $151.92 and a 200 day moving average price of $152.67. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 10.92 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.42 EPS 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 company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company posted $0.64 EPS. Sell-side analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on 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 directly owns 37,927 shares in the company, valued at $5,377,290.06. This represents a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. raised its holdings in shares of Hyatt Hotels by 0.4% during the third quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock worth $2,365,000 after purchasing an additional 66 shares during the period. Townsquare Capital LLC raised its holdings in shares of Hyatt Hotels by 3.4% during the fourth quarter. Townsquare Capital LLC now owns 2,801 shares of the company’s stock worth $440,000 after purchasing an additional 92 shares during the period. Kensington Investment Counsel LLC raised its holdings in shares of Hyatt Hotels by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock worth $2,136,000 after purchasing an additional 95 shares during the period. Bridges Investment Management Inc. raised its holdings in shares of Hyatt Hotels by 2.3% during the fourth quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock worth $681,000 after purchasing an additional 99 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after purchasing an additional 104 shares during the period. 73.54% of the stock is currently owned by 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.