Barclays Issues Positive Forecast for Wyndham Hotels & Resorts (NYSE:WH) Stock Price

Wyndham Hotels & Resorts (NYSE:WH) had its price objective hoisted by analysts at Barclays from $100.00 to $115.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 11.47% from the company’s current price.

Several other research firms have also commented on WH. Truist Financial increased their price objective on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus increased their price target on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Oppenheimer boosted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird raised their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company initiated coverage on Wyndham Hotels & Resorts in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $103.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and an average price target of $105.56.

Wyndham Hotels & Resorts Trading Down 0.4 %

NYSE WH traded down $0.46 on Friday, reaching $103.17. The company had a trading volume of 240,057 shares, compared to its average volume of 748,031. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 2.43 and a beta of 1.32. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. Wyndham Hotels & Resorts has a fifty-two week low of $67.67 and a fifty-two week high of $105.12. The business has a 50 day moving average of $91.72 and a two-hundred day moving average of $80.71.

Wyndham Hotels & Resorts (NYSE:WH) last released its 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. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. During the same quarter in the previous year, the business earned $1.31 earnings per share. Wyndham Hotels & Resorts’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts forecast that Wyndham Hotels & Resorts will post 4.29 EPS for the current year.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the sale, the director now directly owns 366,371 shares of the company’s stock, valued at approximately $33,343,424.71. This trade represents a 17.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott R. Strickland sold 2,850 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.68. The trade was a 9.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,850 shares of company stock valued at $8,881,849. 2.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of hedge funds have recently made changes to their positions in WH. CWM LLC lifted its stake in shares of Wyndham Hotels & Resorts by 69.2% in the second quarter. CWM LLC now owns 3,090 shares of the company’s stock worth $229,000 after buying an additional 1,264 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Wyndham Hotels & Resorts by 11.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,313 shares of the company’s stock worth $467,000 after purchasing an additional 627 shares during the last quarter. Blue Trust Inc. grew its position in shares of Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after purchasing an additional 635 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Wyndham Hotels & Resorts by 10.7% in the second quarter. Raymond James & Associates now owns 74,663 shares of the company’s stock valued at $5,525,000 after purchasing an additional 7,226 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Wyndham Hotels & Resorts by 19.7% during the second quarter. Nisa Investment Advisors LLC now owns 19,168 shares of the company’s stock worth $1,418,000 after buying an additional 3,150 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

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.