Wyndham Hotels & Resorts (NYSE:WH) Given New $120.00 Price Target at Jefferies Financial Group

Wyndham Hotels & Resorts (NYSE:WH) had its price objective raised by research analysts at Jefferies Financial Group from $107.00 to $120.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 18.94% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Robert W. Baird increased their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company initiated coverage on Wyndham Hotels & Resorts in a report on Thursday, December 5th. They set an “equal weight” rating and a $103.00 target price for the company. Finally, Barclays increased their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.00.

Wyndham Hotels & Resorts Stock Up 1.1 %

WH stock opened at $100.89 on Thursday. Wyndham Hotels & Resorts has a fifty-two week low of $67.67 and a fifty-two week high of $105.16. The stock has a fifty day moving average of $97.90 and a 200-day moving average of $84.12. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 2.42 and a beta of 1.32. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97.

Wyndham Hotels & Resorts (NYSE:WH) last issued its 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. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The firm had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. During the same quarter last year, the business earned $1.31 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that Wyndham Hotels & Resorts will post 4.29 earnings per share for the current year.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, CFO Michele Allen sold 15,000 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the transaction, the chief financial officer now directly owns 10,056 shares in the company, valued at approximately $904,939.44. This represents a 59.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.01, for a total value 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. The trade was a 17.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,850 shares of company stock worth $8,881,849 over the last three months. 2.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of institutional investors have recently made changes to their positions in the business. M&T Bank Corp boosted its stake in shares of Wyndham Hotels & Resorts by 4.2% during the third quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock valued at $267,000 after purchasing an additional 138 shares during the period. Crossmark Global Holdings Inc. boosted its position in Wyndham Hotels & Resorts by 2.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock valued at $443,000 after acquiring an additional 147 shares in the last quarter. PFG Investments LLC grew its stake in Wyndham Hotels & Resorts by 4.4% in the second quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock worth $271,000 after purchasing an additional 155 shares during the period. Equitable Trust Co. raised its holdings in Wyndham Hotels & Resorts by 1.9% in the third quarter. Equitable Trust Co. now owns 9,160 shares of the company’s stock worth $716,000 after purchasing an additional 174 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Wyndham Hotels & Resorts by 1.9% in the third quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock worth $717,000 after purchasing an additional 175 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 engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.