Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $107.00

Wyndham Hotels & Resorts (NYSE:WH) had its target price lifted by Stifel Nicolaus from $92.00 to $107.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 9.53% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. Oppenheimer increased their target price on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Barclays upped their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group initiated coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price on the stock. Robert W. Baird boosted their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Truist Financial upped their price objective on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and an average target price of $100.00.

Wyndham Hotels & Resorts Trading Up 1.0 %

WH opened at $97.69 on Tuesday. The firm’s fifty day moving average is $86.25 and its two-hundred day moving average is $78.16. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $7.60 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 2.45 and a beta of 1.31. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $98.73.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. During the same quarter last year, the firm earned $1.31 EPS. Wyndham Hotels & Resorts’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.3 EPS for the current year.

Insider Transactions at Wyndham Hotels & Resorts

In other news, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the transaction, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. The trade was a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the transaction, the director now owns 366,371 shares in the company, valued at $33,343,424.71. This represents a 17.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,890 shares of company stock valued at $9,273,255. Insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WH. Boston Partners grew its stake in Wyndham Hotels & Resorts by 15.4% during the first quarter. Boston Partners now owns 3,227,106 shares of the company’s stock valued at $247,646,000 after acquiring an additional 430,053 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of Wyndham Hotels & Resorts by 70.9% in the second quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock worth $163,589,000 after buying an additional 916,742 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Wyndham Hotels & Resorts by 40.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after buying an additional 506,593 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Wyndham Hotels & Resorts by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,237,944 shares of the company’s stock valued at $91,609,000 after buying an additional 196,982 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Wyndham Hotels & Resorts by 12.6% in the 2nd quarter. Millennium Management LLC now owns 1,174,404 shares of the company’s stock worth $86,906,000 after acquiring an additional 131,848 shares during the last quarter. Institutional investors 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.