Wyndham Hotels & Resorts (NYSE:WH) PT Raised to $97.00

Wyndham Hotels & Resorts (NYSE:WH) had its price target increased by Robert W. Baird from $92.00 to $97.00 in a research report report published on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research firms have also weighed in on WH. Barclays upped their target price on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Stifel Nicolaus increased their price objective on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a “buy” rating and a $96.00 target price on the stock. Truist Financial lowered their price target on Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.00.

Wyndham Hotels & Resorts Stock Up 0.7 %

NYSE:WH traded up $0.61 on Friday, hitting $90.63. The stock had a trading volume of 1,355,767 shares, compared to its average volume of 751,798. The company has a market cap of $7.30 billion, a PE ratio of 32.14, a P/E/G ratio of 3.00 and a beta of 1.33. Wyndham Hotels & Resorts has a 52 week low of $67.67 and a 52 week high of $91.93. The business’s fifty day moving average is $79.29 and its 200 day moving average is $74.98. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83.

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, topping analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. Wyndham Hotels & Resorts’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the business earned $1.31 EPS. On average, equities research analysts expect that Wyndham Hotels & Resorts will post 4.26 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 1.68%. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.

Insiders Place Their Bets

In other news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the sale, the insider now owns 10,606 shares in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $391,406.40. Following the completion of the transaction, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michele Allen sold 15,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $89.99, for a total value of $1,349,850.00. Following the completion of the sale, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,343 shares of company stock valued at $9,045,321. Company insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. PFG Investments LLC lifted its stake in Wyndham Hotels & Resorts by 4.4% in the second quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock worth $271,000 after acquiring an additional 155 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock worth $717,000 after purchasing an additional 175 shares during the period. GAMMA Investing LLC boosted its stake in shares of Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after purchasing an additional 207 shares in the last quarter. Concord Wealth Partners raised its stake in Wyndham Hotels & Resorts by 115.5% in the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after buying an additional 291 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in Wyndham Hotels & Resorts by 0.9% in the second quarter. Oppenheimer & Co. Inc. now owns 37,401 shares of the company’s stock worth $2,768,000 after buying an additional 338 shares in 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.