Hyatt Hotels (H) Price Target Lowered to $73.00 at Nomura

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Hyatt Hotels (NYSE:H) had its price objective reduced by Nomura from $85.00 to $73.00 in a research note released on Wednesday morning. Nomura currently has a neutral rating on the stock.

Several other research firms have also commented on H. Zacks Investment Research lowered shares of Hyatt Hotels from a buy rating to a hold rating in a research note on Wednesday, August 22nd. Longbow Research initiated coverage on shares of Hyatt Hotels in a research note on Friday, September 7th. They issued a buy rating and a $99.00 price objective for the company. Berenberg Bank lowered shares of Hyatt Hotels from a buy rating to a hold rating and raised their price objective for the company from $83.00 to $87.50 in a research note on Thursday, July 19th. Cowen initiated coverage on shares of Hyatt Hotels in a research note on Monday, October 22nd. They issued a market perform rating and a $75.00 price objective for the company. Finally, Jefferies Financial Group reissued a hold rating and issued a $84.00 price objective on shares of Hyatt Hotels in a research note on Thursday, October 4th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Hyatt Hotels currently has a consensus rating of Hold and a consensus target price of $82.91.

Shares of H traded up $2.39 during trading on Wednesday, reaching $71.59. 1,200,531 shares of the company traded hands, compared to its average volume of 930,533. Hyatt Hotels has a twelve month low of $62.20 and a twelve month high of $84.89. The stock has a market cap of $7.40 billion, a PE ratio of 40.22, a P/E/G ratio of 4.27 and a beta of 1.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.89 and a quick ratio of 1.87.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Hyatt Hotels had a net margin of 17.80% and a return on equity of 4.99%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $0.26 earnings per share. As a group, sell-side analysts expect that Hyatt Hotels will post 1.55 earnings per share for the current fiscal year.

In related news, insider 8-26-22 Gp Llc sold 196,719 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $78.09, for a total value of $15,361,786.71. Following the completion of the transaction, the insider now owns 100,000 shares in the company, valued at $7,809,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider H Co Lp Lci sold 110,480 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $78.76, for a total transaction of $8,701,404.80. The disclosure for this sale can be found here. 18.40% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of H. Cutler Group LP purchased a new position in Hyatt Hotels in the second quarter worth approximately $154,000. Point72 Hong Kong Ltd lifted its stake in Hyatt Hotels by 54.7% in the second quarter. Point72 Hong Kong Ltd now owns 2,523 shares of the company’s stock worth $195,000 after acquiring an additional 892 shares during the last quarter. CAPROCK Group Inc. purchased a new position in Hyatt Hotels in the third quarter worth approximately $203,000. Intrust Bank NA purchased a new position in Hyatt Hotels in the second quarter worth approximately $210,000. Finally, Vident Investment Advisory LLC acquired a new stake in Hyatt Hotels during the second quarter worth approximately $225,000. Institutional investors own 37.36% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

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Analyst Recommendations for Hyatt Hotels (NYSE:H)

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