Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $113.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective upped by analysts at JPMorgan Chase & Co. from $99.00 to $113.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 9.36% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Wells Fargo & Company assumed coverage on Wyndham Hotels & Resorts in a research report on Thursday, December 5th. They set an “equal weight” rating and a $103.00 target price for the company. Stifel Nicolaus upped their price target on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group lifted their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Oppenheimer increased their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Truist Financial raised their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $105.56.

Wyndham Hotels & Resorts Price Performance

NYSE WH opened at $103.33 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. The stock has a market capitalization of $8.04 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32. Wyndham Hotels & Resorts has a 12-month low of $67.67 and a 12-month high of $105.12. The company has a 50 day moving average price of $92.21 and a two-hundred day moving average price of $81.02.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The company 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 last year, the company earned $1.31 earnings per share. As a group, equities analysts predict that Wyndham Hotels & Resorts will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 sale, the insider now directly owns 26,062 shares in the company, valued at approximately $2,297,104.68. This represents a 9.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michele Allen sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $89.99, for a total value of $1,349,850.00. Following the transaction, the chief financial officer now owns 10,056 shares of the company’s stock, 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 sold a total of 97,850 shares of company stock valued at $8,881,849 over the last ninety days. 2.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Several institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. bought a new position in Wyndham Hotels & Resorts during the 3rd quarter valued at about $30,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Wyndham Hotels & Resorts by 86.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after acquiring an additional 190 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after acquiring an additional 203 shares in the last quarter. Concord Wealth Partners grew its position 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 acquiring an additional 291 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Wyndham Hotels & Resorts during the 3rd quarter valued at $49,000. 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.