Truist Financial Lowers Wyndham Hotels & Resorts (NYSE:WH) Price Target to $103.00

Wyndham Hotels & Resorts (NYSE:WH) had its price target dropped by analysts at Truist Financial from $104.00 to $103.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 26.74% from the company’s previous close.

Several other analysts have also recently weighed in on the company. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, September 19th. Barclays lifted their price objective on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Stifel Nicolaus cut their price objective on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective on the stock. Finally, Susquehanna initiated coverage on Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a “neutral” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.13.

Wyndham Hotels & Resorts Stock Down 0.1 %

WH stock opened at $81.27 on Monday. The company has a market cap of $6.55 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 2.76 and a beta of 1.33. The business has a 50-day simple moving average of $77.61 and a 200 day simple moving average of $74.39. Wyndham Hotels & Resorts has a 52 week low of $67.67 and a 52 week high of $82.71. 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 released its earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The firm had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $370.58 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share. Sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.27 EPS for the current fiscal year.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the transaction, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Monica Melancon sold 5,040 shares of the company’s 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 sale, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Nicola Rossi sold 7,297 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the sale, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at $315,006.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,640 shares of company stock valued at $974,351. 2.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama grew its stake in Wyndham Hotels & Resorts by 40.1% in the 1st quarter. Retirement Systems of Alabama now owns 231,671 shares of the company’s stock valued at $17,781,000 after purchasing an additional 66,266 shares during the period. TimesSquare Capital Management LLC bought a new position in Wyndham Hotels & Resorts in the 1st quarter valued at $1,382,000. Van ECK Associates Corp bought a new position in Wyndham Hotels & Resorts in the 1st quarter valued at $2,292,000. Hsbc Holdings PLC bought a new position in Wyndham Hotels & Resorts in the 2nd quarter valued at $1,425,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Wyndham Hotels & Resorts by 41.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 899,282 shares of the company’s stock worth $72,311,000 after acquiring an additional 262,031 shares during the period. 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.