Susquehanna Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its target price raised by investment analysts at Susquehanna from $150.00 to $185.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price target would indicate a potential upside of 11.81% from the stock’s previous close.

Several other research firms also recently weighed in on H. Sanford C. Bernstein reissued an “outperform” rating and issued a $188.00 price objective on shares of Hyatt Hotels in a report on Friday, January 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a report on Friday, March 27th. Mizuho increased their price objective on Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a report on Tuesday, January 13th. Stifel Nicolaus increased their price objective on Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a report on Wednesday, December 31st. Finally, Evercore reissued an “in-line” rating and issued a $175.00 price objective (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.47.

Hyatt Hotels Stock Performance

Shares of H opened at $165.47 on Thursday. The stock has a 50 day moving average price of $155.75 and a 200 day moving average price of $156.60. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of -295.48, a price-to-earnings-growth ratio of 2.05 and a beta of 1.28. Hyatt Hotels has a 52-week low of $108.24 and a 52-week high of $180.53.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $1.04. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same period in the prior year, the company earned $0.42 earnings per share. Research analysts predict that Hyatt Hotels will post 3.13 EPS for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 213,434 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $167.75, for a total value of $35,803,553.50. Following the sale, the insider owned 213,434 shares of the company’s stock, valued at approximately $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kinsey Wolf sold 400 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $147.28, for a total value of $58,912.00. Following the completion of the sale, the insider directly owned 545 shares in the company, valued at $80,267.60. This trade represents a 42.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 214,234 shares of company stock worth $35,920,202 in the last three months. 23.60% of the stock is owned by corporate insiders.

Institutional Trading of Hyatt Hotels

A number of large investors have recently made changes to their positions in the stock. Bamco Inc. NY boosted its stake in shares of Hyatt Hotels by 2.7% during the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after acquiring an additional 161,461 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after buying an additional 843,121 shares during the last quarter. Wellington Management Group LLP boosted its stake in Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after buying an additional 1,516,554 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Hyatt Hotels by 24.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after buying an additional 545,003 shares during the last quarter. Finally, Veritas Asset Management LLP boosted its stake in Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after buying an additional 1,695,616 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.