Stifel Nicolaus Issues Positive Forecast for Wyndham Hotels & Resorts (NYSE:WH) Stock Price

Wyndham Hotels & Resorts (NYSE:WH) had its target price increased by Stifel Nicolaus from $92.00 to $107.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on WH. Robert W. Baird boosted their target price on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective on the stock. Oppenheimer increased their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Truist Financial lifted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Barclays boosted their price target on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $98.03 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts has a 12-month low of $67.67 and a 12-month high of $98.80. The business’s 50 day moving average is $86.25 and its two-hundred day moving average is $78.16. The company has a market capitalization of $7.63 billion, a P/E ratio of 31.12, a P/E/G ratio of 2.45 and a beta of 1.31.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. Analysts expect that Wyndham Hotels & Resorts will post 4.3 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 48.25%.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was 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 owns 366,371 shares of the company’s stock, valued at $33,343,424.71. This trade represents a 17.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value 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 represents a 32.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,890 shares of company stock valued at $9,273,255 in the last three months. 2.79% of the stock is currently owned by insiders.

Institutional Trading of Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. acquired a new position in Wyndham Hotels & Resorts during the 3rd quarter worth about $30,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Wyndham Hotels & Resorts by 86.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after purchasing an additional 190 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after purchasing an additional 207 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 76.9% in the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares in the last quarter. Finally, Concord Wealth Partners grew its holdings in shares of Wyndham Hotels & Resorts by 115.5% in the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after purchasing an additional 291 shares in 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.