Truist Financial Increases Wyndham Hotels & Resorts (NYSE:WH) Price Target to $105.00

Wyndham Hotels & Resorts (NYSE:WH) had its target price increased by investment analysts at Truist Financial from $103.00 to $105.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 15.86% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus boosted their price target on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a “buy” rating and a $96.00 target price on the stock. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. Barclays increased their target price on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Robert W. Baird increased their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

Wyndham Hotels & Resorts Price Performance

Shares of WH stock opened at $90.63 on Friday. The stock has a 50 day moving average price of $79.29 and a 200 day moving average price of $74.98. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $91.93. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $7.30 billion, a P/E ratio of 32.14, a P/E/G ratio of 3.00 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 18.28% and a return on equity of 47.05%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $1.31 earnings per share. As a group, sell-side analysts predict that Wyndham Hotels & Resorts will post 4.26 earnings per share for the current year.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, Director Stephen P. Holmes sold 80,000 shares of the company’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 owns 366,371 shares in the company, valued at approximately $33,343,424.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the sale, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts stock in a transaction dated 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 approximately $33,343,424.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,343 shares of company stock valued at $9,045,321 over the last ninety days. Company insiders own 2.79% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after purchasing an additional 207 shares in the last quarter. Concord Wealth Partners increased its stake in Wyndham Hotels & Resorts by 115.5% during the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after buying an additional 291 shares in the last quarter. Blue Trust Inc. increased its stake in Wyndham Hotels & Resorts by 1,245.1% during the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after buying an additional 635 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Wyndham Hotels & Resorts during the second quarter valued at approximately $67,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Wyndham Hotels & Resorts in the second quarter valued at approximately $70,000. Hedge funds and other institutional investors 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.