Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $115.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective boosted by Barclays from $100.00 to $115.00 in a report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird boosted their price target on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group boosted their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Stifel Nicolaus increased their target price on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.56.

Wyndham Hotels & Resorts Stock Down 0.7 %

Wyndham Hotels & Resorts stock opened at $103.33 on Friday. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $105.12. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $8.04 billion, a PE ratio of 32.80, a P/E/G ratio of 2.42 and a beta of 1.32. The firm’s 50 day moving average price is $92.21 and its two-hundred day moving average price is $81.12.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The business 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%. Wyndham Hotels & Resorts’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 earnings per share. On average, research analysts predict that Wyndham Hotels & Resorts will post 4.29 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.47%. Wyndham Hotels & Resorts’s payout ratio is presently 48.25%.

Insider Buying and Selling

In related news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now directly owns 26,062 shares of the company’s stock, valued at $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michele Allen sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was 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 of the company’s stock, valued at $904,939.44. This represents a 59.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,850 shares of company stock valued at $8,881,849. Insiders own 2.79% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

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

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.