Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $113.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective lifted by analysts at JPMorgan Chase & Co. from $99.00 to $113.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 8.64% from the stock’s current price.

A number of other brokerages also recently issued reports on WH. Oppenheimer lifted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Truist Financial lifted their price target on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company started coverage on shares of Wyndham Hotels & Resorts in a report on Thursday, December 5th. They issued an “equal weight” rating and a $103.00 target price on the stock. Finally, Barclays boosted their target price on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.89.

Wyndham Hotels & Resorts Stock Up 0.1 %

Shares of WH stock opened at $104.01 on Friday. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 2.43 and a beta of 1.32. Wyndham Hotels & Resorts has a one year low of $67.67 and a one year high of $105.12. The company’s fifty day moving average price is $91.72 and its 200-day moving average price is $80.71. 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 (NYSE:WH) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.31 EPS. Sell-side analysts expect that Wyndham Hotels & Resorts will post 4.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the sale, the insider now directly owns 26,062 shares of the company’s stock, valued at $2,297,104.68. The trade was a 9.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,850 shares of company stock valued at $8,881,849. Company insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Several hedge funds have recently modified their holdings of WH. CWM LLC lifted its position in shares of Wyndham Hotels & Resorts by 69.2% in the 2nd quarter. CWM LLC now owns 3,090 shares of the company’s stock worth $229,000 after purchasing an additional 1,264 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Wyndham Hotels & Resorts by 11.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,313 shares of the company’s stock worth $467,000 after acquiring an additional 627 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Wyndham Hotels & Resorts by 1,245.1% during the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after acquiring an additional 635 shares in the last quarter. Raymond James & Associates raised its stake in shares of Wyndham Hotels & Resorts by 10.7% during the 2nd quarter. Raymond James & Associates now owns 74,663 shares of the company’s stock worth $5,525,000 after acquiring an additional 7,226 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Wyndham Hotels & Resorts by 19.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 19,168 shares of the company’s stock worth $1,418,000 after acquiring an additional 3,150 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.