Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $97.00 at Robert W. Baird

Wyndham Hotels & Resorts (NYSE:WH) had its price target raised by Robert W. Baird from $92.00 to $97.00 in a research report released on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms also recently weighed in on WH. Truist Financial dropped their price target on shares of Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Monday, October 14th. The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective for the company. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays boosted their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus increased their price objective on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

Wyndham Hotels & Resorts Stock Performance

NYSE WH traded up $0.61 on Friday, reaching $90.63. The stock had a trading volume of 1,355,767 shares, compared to its average volume of 751,798. Wyndham Hotels & Resorts has a 1-year low of $67.67 and a 1-year high of $91.93. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $7.30 billion, a P/E ratio of 32.14, a price-to-earnings-growth ratio of 3.00 and a beta of 1.33. The firm has a fifty day moving average of $79.29 and a two-hundred day moving average of $74.98.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The business had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. During the same period in the prior year, the company posted $1.31 earnings per share. Wyndham Hotels & Resorts’s revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.26 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, September 13th. Wyndham Hotels & Resorts’s payout ratio is 53.90%.

Insider Activity

In related news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 366,371 shares of the company’s stock, valued at $33,343,424.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the sale, the chief financial officer now directly owns 10,056 shares in the company, valued at $904,939.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the business’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 transaction of $7,280,800.00. Following the sale, the director now directly owns 366,371 shares in the company, valued at $33,343,424.71. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,343 shares of company stock worth $9,045,321. Corporate insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WH. GAMMA Investing LLC lifted its holdings in Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after buying an additional 207 shares during the period. Concord Wealth Partners boosted its position in shares of 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 purchasing an additional 291 shares in the last quarter. Blue Trust Inc. grew its stake in Wyndham Hotels & Resorts by 1,245.1% during the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after purchasing an additional 635 shares during the period. Family Firm Inc. bought a new stake in Wyndham Hotels & Resorts in the second quarter worth approximately $67,000. Finally, International Assets Investment Management LLC acquired a new position in Wyndham Hotels & Resorts in the second quarter valued at approximately $70,000. 93.46% of the stock is owned by institutional investors.

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.