Wyndham Hotels & Resorts (NYSE:WH) Given New $116.00 Price Target at Wells Fargo & Company

Wyndham Hotels & Resorts (NYSE:WH) had its target price hoisted by Wells Fargo & Company from $114.00 to $116.00 in a research note issued to investors on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group lifted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a report on Friday. Oppenheimer lifted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price target on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Robert W. Baird lifted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $110.30.

Wyndham Hotels & Resorts Price Performance

WH stock opened at $109.47 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts has a 12 month low of $67.67 and a 12 month high of $110.94. The firm has a market cap of $8.52 billion, a P/E ratio of 34.75, a P/E/G ratio of 2.14 and a beta of 1.29. The company’s 50-day moving average price is $103.29 and its two-hundred day moving average price is $90.51.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. On average, analysts anticipate that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.52 annualized dividend and a yield of 1.39%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 48.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp lifted its position in shares of Wyndham Hotels & Resorts by 91.9% in the 3rd quarter. Stifel Financial Corp now owns 30,665 shares of the company’s stock worth $2,396,000 after purchasing an additional 14,688 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Wyndham Hotels & Resorts by 40.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after acquiring an additional 506,593 shares during the period. Natixis Advisors LLC lifted its position in shares of Wyndham Hotels & Resorts by 37.7% during the 3rd quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock valued at $2,699,000 after acquiring an additional 9,463 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Wyndham Hotels & Resorts by 15.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 64,329 shares of the company’s stock valued at $5,027,000 after acquiring an additional 8,389 shares during the period. Finally, Impax Asset Management Group plc lifted its position in shares of Wyndham Hotels & Resorts by 35.0% during the 3rd quarter. Impax Asset Management Group plc now owns 135,000 shares of the company’s stock valued at $10,549,000 after acquiring an additional 35,000 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.