Barclays Forecasts Strong Price Appreciation for Wyndham Hotels & Resorts (NYSE:WH) Stock

Wyndham Hotels & Resorts (NYSE:WH) had its price target upped by Barclays from $100.00 to $115.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company initiated coverage on shares of 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. Robert W. Baird upped 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, October 25th. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group upped their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Truist Financial lifted their price objective on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.56.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $103.33 on Friday. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 32.80, a P/E/G 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 quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The business’s 50-day simple moving average is $92.21 and its 200 day simple moving average is $81.12.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) 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 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 quarter last year, the firm earned $1.31 EPS. As a group, research analysts anticipate that Wyndham Hotels & Resorts will post 4.29 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.52 annualized dividend and a yield of 1.47%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 48.25%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts 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 of the company’s stock, valued at approximately $33,343,424.71. This trade represents a 17.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the insider now directly owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.68. This trade represents a 9.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,850 shares of company stock valued at $8,881,849. 2.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its stake in shares of Wyndham Hotels & Resorts by 17.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,414 shares of the company’s stock worth $267,000 after buying an additional 516 shares during the last quarter. Virtu Financial LLC acquired a new position in Wyndham Hotels & Resorts during the third quarter valued at approximately $214,000. M&T Bank Corp grew its stake in Wyndham Hotels & Resorts by 4.2% in the third quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock valued at $267,000 after purchasing an additional 138 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position 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 worth $32,000 after purchasing an additional 190 shares during the last quarter. Finally, MML Investors Services LLC increased its position in shares of Wyndham Hotels & Resorts by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 27,384 shares of the company’s stock worth $2,140,000 after purchasing an additional 902 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.