Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $115.00

Wyndham Hotels & Resorts (NYSE:WH) had its price target lifted by Oppenheimer from $90.00 to $115.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 18.37% from the company’s current price.

Several other brokerages also recently commented on WH. Robert W. Baird lifted their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Truist Financial lifted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group assumed coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective on the stock. Finally, Barclays lifted their target price on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.86.

Wyndham Hotels & Resorts Trading Down 1.4 %

Wyndham Hotels & Resorts stock opened at $97.15 on Tuesday. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 2.50 and a beta of 1.31. The firm has a 50-day moving average of $83.26 and a 200-day moving average of $76.86. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. Wyndham Hotels & Resorts has a one year low of $67.67 and a one year high of $98.73.

Wyndham Hotels & Resorts (NYSE:WH) last issued 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. The firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 earnings per share. On average, equities analysts expect that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Monica Melancon sold 5,040 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of the company’s stock in a transaction dated 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 owns 26,062 shares in the company, valued at approximately $2,297,104.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,890 shares of company stock valued at $9,273,255. 2.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of WH. SG Americas Securities LLC boosted its holdings in Wyndham Hotels & Resorts by 205.6% in the first quarter. SG Americas Securities LLC now owns 6,861 shares of the company’s stock worth $527,000 after acquiring an additional 4,616 shares in the last quarter. Qsemble Capital Management LP bought a new position in shares of Wyndham Hotels & Resorts during the 1st quarter worth approximately $215,000. Entropy Technologies LP bought a new position in Wyndham Hotels & Resorts in the 1st quarter valued at $1,631,000. State Board of Administration of Florida Retirement System raised its position in Wyndham Hotels & Resorts by 6.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 109,872 shares of the company’s stock worth $8,433,000 after acquiring an additional 6,638 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Wyndham Hotels & Resorts by 7.5% in the first quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock valued at $637,875,000 after purchasing an additional 581,909 shares during the last quarter. 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.