Wyndham Hotels & Resorts (NYSE:WH) PT Lowered to $104.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective dropped by stock analysts at Truist Financial from $105.00 to $104.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 35.56% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. Stifel Nicolaus lowered their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a report on Thursday. Susquehanna started coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, June 21st. They set a “neutral” rating and a $80.00 price objective on the stock. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a research report on Saturday, June 22nd. They issued a “hold” rating on the stock. Barclays upped their target price on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Robert W. Baird upped their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $89.14.

Wyndham Hotels & Resorts Trading Up 0.2 %

Shares of WH traded up $0.12 during mid-day trading on Friday, reaching $76.72. The company’s stock had a trading volume of 28,263 shares, compared to its average volume of 759,923. The stock has a market cap of $6.18 billion, a PE ratio of 27.08, a P/E/G ratio of 2.54 and a beta of 1.34. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 3.27. Wyndham Hotels & Resorts has a 52 week low of $65.63 and a 52 week high of $81.73. The company’s fifty day moving average price is $72.24 and its two-hundred day moving average price is $74.89.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 44.95%. The company had revenue of $367.00 million during the quarter, compared to analyst estimates of $370.58 million. During the same period in the prior year, the business posted $0.93 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Wyndham Hotels & Resorts will post 4.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 196,279 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the transaction, the chief executive officer now owns 377,712 shares in the company, valued at approximately $27,708,952.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total value of $14,399,027.44. Following the transaction, the chief executive officer now owns 377,712 shares in the company, valued at approximately $27,708,952.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott R. Strickland sold 4,076 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $67.81, for a total transaction of $276,393.56. Following the completion of the transaction, the insider now owns 28,912 shares in the company, valued at approximately $1,960,522.72. The disclosure for this sale can be found here. Insiders have sold a total of 206,933 shares of company stock worth $15,130,227 in the last quarter. Corporate insiders own 2.79% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock worth $637,875,000 after purchasing an additional 581,909 shares during the period. Capital Research Global Investors increased its holdings in Wyndham Hotels & Resorts by 0.3% in the 1st quarter. Capital Research Global Investors now owns 7,192,076 shares of the company’s stock worth $551,992,000 after acquiring an additional 23,549 shares in the last quarter. Wellington Management Group LLP increased its holdings in Wyndham Hotels & Resorts by 10.9% in the 4th quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after acquiring an additional 543,488 shares in the last quarter. Boston Partners increased its holdings in Wyndham Hotels & Resorts by 15.4% in the 1st quarter. Boston Partners now owns 3,227,106 shares of the company’s stock worth $247,646,000 after acquiring an additional 430,053 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew its holdings in shares of Wyndham Hotels & Resorts by 1.4% in the first quarter. Burgundy Asset Management Ltd. now owns 1,293,916 shares of the company’s stock valued at $99,308,000 after purchasing an additional 17,766 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.