Hyatt Hotels (NYSE:H) Price Target Cut to $156.00 by Analysts at Robert W. Baird

Hyatt Hotels (NYSE:H) had its target price decreased by Robert W. Baird from $158.00 to $156.00 in a report released on Wednesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other equities analysts have also recently commented on the stock. HSBC cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on shares of Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Barclays decreased their target price on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus lifted their target price on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their target price on shares of Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and a consensus price target of $162.29.

Hyatt Hotels Stock Performance

Hyatt Hotels stock opened at $140.20 on Wednesday. The firm’s fifty day moving average price is $155.26 and its 200-day moving average price is $152.48. 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 stock has a market cap of $13.46 billion, a P/E ratio of 11.27 and a beta of 1.48. Hyatt Hotels has a fifty-two week low of $128.91 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter last year, the business posted $0.64 EPS. On average, equities research analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the company’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 sale, the insider now owns 5,798 shares in the company, valued at approximately $927,622.02. This represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of H. Raymond James Financial Inc. purchased a new stake in Hyatt Hotels in the fourth quarter worth about $77,136,000. Invesco Ltd. grew its holdings in shares of Hyatt Hotels by 241.4% during the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company’s stock valued at $106,677,000 after buying an additional 480,523 shares during the last quarter. Norges Bank purchased a new stake in shares of Hyatt Hotels during the fourth quarter valued at approximately $61,572,000. Alyeska Investment Group L.P. purchased a new stake in shares of Hyatt Hotels during the fourth quarter valued at approximately $43,953,000. Finally, Deutsche Bank AG grew its holdings in shares of Hyatt Hotels by 209.8% during the fourth quarter. Deutsche Bank AG now owns 255,563 shares of the company’s stock valued at $40,118,000 after buying an additional 173,075 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

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.