Hyatt Hotels Corporation (NYSE:H) shares traded -8.46% lower at $111.99 on Wall Street last session.
In accordance with the data, 20 analysts cover Hyatt Hotels Corporation (NYSE:H). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $149.00 and a low of $112.00, we find $128.50. Given the previous closing price of $122.34, this indicates a potential upside of 5.04 percent. H stock price is now -3.05% away from the 50-day moving average and 4.32% away from the 200-day moving average. The market capitalization of the company currently stands at $11.57B.
It has been rated a hold by 11 analysts and a buy by 8. Brokers who have rated the stock have averaged $128.81 as their price target over the next twelve months.
With the price target reduced from $130 to $125, Barclays Downgraded its rating from Overweight to Equal Weight for Hyatt Hotels Corporation (NYSE: H).
In other news, VONDRASEK MARK R, insider sold 4,817 shares of the company’s stock on May 18. The stock was sold for $554,100 at an average price of $115.03. Upon completion of the transaction, the insider now directly owns 6,000 shares in the company, valued at $0.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, See Remarks Floyd H. Charles sold 6,000 shares of the business’s stock. A total of $684,000 was realized by selling the stock at an average price of $114.00. This leaves the insider owning 32,927 shares of the company worth $3.69 million. Insiders disposed of 521,826 shares of company stock worth roughly $58.44 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in H stock. A new stake in Hyatt Hotels Corporation shares was purchased by BAIN CAPITAL PUBLIC EQUITY MANAGEMENT II, LLC during the first quarter worth $58,726,000. LORD, ABBETT & CO. LLC invested $25,444,000 in shares of H during the first quarter. In the first quarter, CADIAN CAPITAL MANAGEMENT, LP acquired a new stake in Hyatt Hotels Corporation valued at approximately $25,198,000. TREXQUANT INVESTMENT LP acquired a new stake in H for approximately $14,463,000. VIGILANT CAPITAL MANAGEMENT, LLC purchased a new stake in H valued at around $12,587,000 in the second quarter.
Hyatt Hotels Corporation (NYSE: H) opened at $116.00 on Thursday. During the past 12 months, Hyatt Hotels Corporation has had a low of $77.70 and a high of $127.80. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 0.60, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $15.60B, which is based on a 21.11 price-to-earnings ratio, a 9.59 price-to-earnings-growth ratio, and a beta of 1.38. The fifty day moving average price for H is $115.53 and a two-hundred day moving average price translates $107.50 for the stock.
The latest earnings results from Hyatt Hotels Corporation (NYSE: H) was released for Mar, 2023. According to the Lodging Company, earnings per share came in at $0.41, missing analysts’ expectations of $0.48 by -0.07. This compares to -$0.66 EPS in the same period last year. The net profit margin was 9.30% and return on equity was 16.20% for H. The company reported revenue of $1.68 billion for the quarter, compared to $1.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.35 percent. For the current quarter, analysts expect H to generate $1.68B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/08/2023. Investors who held shares on 08/25/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 0.54% percent yield. There was an ex-dividend date of 08/24/2023 for this dividend.
Hyatt Hotels Corporation(H) 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/SW Asia 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, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units. It operates its properties under the Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Residence Club, Hyatt Place, Hyatt House, UrCove, Miraval, Alila, Andaz, Thompson Hotels, Hyatt Centric, Caption by Hyatt, The Unbound Collection by Hyatt, Destination by Hyatt, JdV by Hyatt, Hyatt Ziva, Hyatt Zilara, Zoëtry Wellness & Spa Resorts, Secrets Resorts & Spas, Breathless Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotel & Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas brands. The company primarily serves corporations; national, state, and regional associations; specialty market accounts, including social, government, military, educational, religious, and fraternal organizations; travel agency and luxury organizations; and a group of individual consumers. It also operates World of Hyatt loyalty program, which rewards points that can be redeemed for hotel nights and other rewards. Hyatt Hotels Corporation was founded in 1957 and is headquartered in Chicago, Illinois.
