Fintel reports that on September 18, 2024, Goldman Sachs initiated coverage of Hyatt Hotels (NYSE:H) with a Neutral recommendation.
Analyst Price Forecast Suggests 8.89% Upside
As of August 26, 2024, the average one-year price target for Hyatt Hotels is $161.44/share. The forecasts range from a low of $121.20 to a high of $210.00. The average price target represents an increase of 8.89% from its latest reported closing price of $148.27 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Hyatt Hotels is 6,715MM, an increase of 2.24%. The projected annual non-GAAP EPS is 3.39.
What is the Fund Sentiment?
There are 840 funds or institutions reporting positions in Hyatt Hotels. This is an increase of 18 owner(s) or 2.19% in the last quarter. Average portfolio weight of all funds dedicated to H is 0.22%, an increase of 2.93%. Total shares owned by institutions decreased in the last three months by 0.93% to 60,320K shares. 
The put/call ratio of H is 2.22, indicating a bearish outlook.
What are Other Shareholders Doing?
Bamco holds 5,415K shares representing 12.05% ownership of the company. In its prior filing, the firm reported owning 5,377K shares , representing an increase of 0.70%. The firm increased its portfolio allocation in H by 2.99% over the last quarter.
BPTRX - Baron Partners Fund holds 3,310K shares representing 7.37% ownership of the company. In its prior filing, the firm reported owning 3,315K shares , representing a decrease of 0.15%. The firm decreased its portfolio allocation in H by 1.96% over the last quarter.
Massachusetts Financial Services holds 3,039K shares representing 6.76% ownership of the company. In its prior filing, the firm reported owning 3,040K shares , representing a decrease of 0.04%. The firm decreased its portfolio allocation in H by 84.97% over the last quarter.
Principal Financial Group holds 2,645K shares representing 5.89% ownership of the company. In its prior filing, the firm reported owning 2,482K shares , representing an increase of 6.15%. The firm decreased its portfolio allocation in H by 44.03% over the last quarter.
Franklin Resources holds 1,944K shares representing 4.33% ownership of the company. In its prior filing, the firm reported owning 1,946K shares , representing a decrease of 0.10%. The firm decreased its portfolio allocation in H by 84.56% over the last quarter.
Hyatt Hotels Background Information
(This description is provided by the company.)
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. As of September 30, 2020, the Company's portfolio included more than 950 hotel, all-inclusive, and wellness resort properties in 67 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top employees, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, lease, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, and vacation ownership properties, including under the Park Hyatt®,Miraval®,Grand Hyatt®,Alila®,Andaz®,The Unbound Collection by Hyatt®,Destination®,Hyatt Regency®,Hyatt®,Hyatt Ziva™,Hyatt Zilara™,Thompson Hotels®,Hyatt Centric®,Caption by Hyatt,Joie de Vivre®,Hyatt House®,Hyatt Place®,tommie™,UrCove,andHyatt Residence Club® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members.
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