Hyatt Hotels (NYSE:H) Given New $207.00 Price Target at JPMorgan Chase & Co.

Hyatt Hotels (NYSE:H) had its price target cut by investment analysts at JPMorgan Chase & Co. from $209.00 to $207.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 15.81% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, September 21st. Morgan Stanley raised their price target on Hyatt Hotels from $209.00 to $211.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Wells Fargo & Company raised their price target on Hyatt Hotels from $184.00 to $189.00 and gave the company an “equal weight” rating in a report on Monday. Freedom Broker began coverage on Hyatt Hotels in a research report on Wednesday, October 14th. They issued a “buy” rating and a $192.00 price objective for the company. Finally, Barclays boosted their price objective on Hyatt Hotels from $201.00 to $202.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.44.

Hyatt Hotels Trading Up 1.5%

NYSE:H traded up $2.59 during trading hours on Wednesday, hitting $178.74. 152,812 shares of the stock were exchanged, compared to its average volume of 839,296. The company’s 50 day moving average is $166.16 and its two-hundred day moving average is $174.46. Hyatt Hotels has a twelve month low of $134.18 and a twelve month high of $206.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $16.84 billion, a P/E ratio of 218.16 and a beta of 1.40.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. On average, sell-side analysts anticipate that Hyatt Hotels will post 3.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Amar Lalvani sold 1,364 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $163.06, for a total value of $222,413.84. Following the completion of the transaction, the insider owned 4,894 shares of the company’s stock, valued at $798,015.64. The trade was a 21.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan D. Kronick sold 1,700 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the sale, the director owned 29,525 shares of the company’s stock, valued at approximately $5,310,957. This represents a 5.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in Hyatt Hotels in the second quarter valued at about $56,408,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Hyatt Hotels by 19.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 296,133 shares of the company’s stock worth $42,608,000 after acquiring an additional 48,002 shares in the last quarter. Amundi increased its holdings in shares of Hyatt Hotels by 70.9% in the first quarter. Amundi now owns 189,272 shares of the company’s stock worth $27,215,000 after acquiring an additional 78,544 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Hyatt Hotels by 5.2% in the first quarter. Quantinno Capital Management LP now owns 158,946 shares of the company’s stock worth $22,855,000 after acquiring an additional 7,835 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Hyatt Hotels by 6.4% during the first quarter. Swiss National Bank now owns 122,700 shares of the company’s stock worth $17,643,000 after purchasing an additional 7,400 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

About Hyatt Hotels

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.