Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $115.00

Wyndham Hotels & Resorts (NYSE:WH) had its target price boosted by Oppenheimer from $90.00 to $115.00 in a research note published on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

WH has been the subject of several other research reports. Robert W. Baird upped their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Truist Financial lifted their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price target on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group assumed coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.86.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $96.75 on Tuesday. Wyndham Hotels & Resorts has a 1 year low of $67.67 and a 1 year high of $98.73. The company’s 50 day simple moving average is $83.65 and its 200 day simple moving average is $77.00. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.50 and a beta of 1.31. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The company had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. During the same period in the previous year, the firm posted $1.31 EPS. Wyndham Hotels & Resorts’s revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts predict that Wyndham Hotels & Resorts will post 4.3 EPS for the current year.

Insiders Place Their Bets

In related news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now owns 26,062 shares of the company’s stock, valued at $2,297,104.68. The trade was a 9.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michele Allen sold 15,000 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the transaction, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. This represents a 59.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,890 shares of company stock worth $9,273,255 over the last quarter. 2.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Assetmark Inc. purchased a new stake in Wyndham Hotels & Resorts during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC grew its position in shares of Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after buying an additional 207 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Wyndham Hotels & Resorts by 76.9% in the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after acquiring an additional 203 shares in the last quarter. Concord Wealth Partners boosted its stake in Wyndham Hotels & Resorts by 115.5% during the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after acquiring an additional 291 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Wyndham Hotels & Resorts during the 3rd quarter worth $49,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.