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

Wyndham Hotels & Resorts (NYSE:WH) had its price target upped by JPMorgan Chase & Co. from $99.00 to $113.00 in a research note issued to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other analysts have also issued reports about the company. The Goldman Sachs Group raised their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Oppenheimer boosted their target price on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus upped their price objective 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. Finally, Robert W. Baird raised their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.56.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $103.33 on Friday. The business has a fifty day moving average of $92.21 and a 200 day moving average of $81.12. Wyndham Hotels & Resorts has a 1 year low of $67.67 and a 1 year high of $105.12. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32.

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 business had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.31 EPS. As a group, research analysts expect that Wyndham Hotels & Resorts will post 4.29 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

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

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.01, for a total value of $7,280,800.00. Following the transaction, the director now directly owns 366,371 shares of the company’s stock, valued at $33,343,424.71. This trade represents a 17.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott R. Strickland sold 2,850 shares of the company’s stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Insiders sold 97,850 shares of company stock valued at $8,881,849 over the last quarter. 2.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. purchased a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at approximately $30,000. Nomura Asset Management Co. Ltd. lifted its holdings in Wyndham Hotels & Resorts by 86.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after acquiring an additional 190 shares during the last quarter. First Horizon Advisors Inc. grew its position in Wyndham Hotels & Resorts by 76.9% in the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after acquiring an additional 203 shares during the period. Concord Wealth Partners increased its stake in Wyndham Hotels & Resorts by 115.5% during the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after acquiring an additional 291 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Wyndham Hotels & Resorts in the third quarter valued at $49,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.