Wyndham Hotels & Resorts (NYSE:WH) Raised to “Overweight” at Wells Fargo & Company

Wyndham Hotels & Resorts (NYSE:WH) was upgraded by investment analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued on Friday, Marketbeat Ratings reports. The firm currently has a $114.00 price target on the stock, up from their previous price target of $103.00. Wells Fargo & Company‘s price objective would indicate a potential upside of 13.17% from the stock’s current price.

Other research analysts also recently issued reports about the company. Truist Financial raised their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays upped their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. The Goldman Sachs Group lifted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upped their target price 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. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.10.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $100.73 on Friday. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 2.42 and a beta of 1.30. Wyndham Hotels & Resorts has a 12 month low of $67.67 and a 12 month high of $105.16. The firm has a fifty day simple moving average of $99.02 and a 200 day simple moving average of $85.13. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The firm had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 EPS. Research analysts forecast that Wyndham Hotels & Resorts will post 4.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. This represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michele Allen sold 15,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the transaction, the chief financial officer now directly owns 10,056 shares in the company, valued at approximately $904,939.44. The trade was a 59.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,850 shares of company stock worth $8,881,849. 2.79% of the stock is owned by corporate insiders.

Institutional Trading of Wyndham Hotels & Resorts

Hedge funds have recently made changes to their positions in the stock. Assetmark Inc. bought a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter worth approximately $30,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Wyndham Hotels & Resorts by 86.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after buying an additional 190 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 76.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after buying an additional 203 shares during the period. Concord Wealth Partners boosted its stake in shares of Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after buying an additional 291 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Wyndham Hotels & Resorts in the third quarter worth $49,000. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Company Profile

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.