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

Wyndham Hotels & Resorts (NYSE:WH) had its price objective increased by Stifel Nicolaus from $92.00 to $107.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently commented on the stock. Oppenheimer upped 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. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Truist Financial upped their price target on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective for the company. Finally, Robert W. Baird boosted their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” 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 company. According to data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock opened at $98.18 on Tuesday. The firm has a market cap of $7.64 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.48 and a beta of 1.31. Wyndham Hotels & Resorts has a 1 year low of $67.67 and a 1 year high of $99.11. The firm’s 50-day simple moving average is $87.37 and its 200-day simple moving average is $78.61. 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 posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. The business had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 EPS. Equities analysts forecast that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.01, for a total value of $7,280,800.00. Following the transaction, the director now directly owns 366,371 shares of the company’s stock, valued at approximately $33,343,424.71. This represents a 17.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michele Allen sold 15,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $89.99, for a total value 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 trade 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 valued at $9,273,255 in the last 90 days. 2.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in Wyndham Hotels & Resorts by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 48,920 shares of the company’s stock worth $3,755,000 after purchasing an additional 2,483 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Wyndham Hotels & Resorts by 1,186.0% during the 1st quarter. Janus Henderson Group PLC now owns 509,441 shares of the company’s stock worth $39,092,000 after buying an additional 469,827 shares during the period. Tidal Investments LLC acquired a new position in Wyndham Hotels & Resorts in the 1st quarter valued at $395,000. Boston Partners raised its holdings in Wyndham Hotels & Resorts by 15.4% in the 1st quarter. Boston Partners now owns 3,227,106 shares of the company’s stock worth $247,646,000 after acquiring an additional 430,053 shares during the period. Finally, GAMMA Investing LLC lifted its position in Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after acquiring an additional 207 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

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.