Wyndham Hotels & Resorts (NYSE:WH) Price Target Cut to $103.00 by Analysts at Truist Financial

Wyndham Hotels & Resorts (NYSE:WH) had its target price dropped by stock analysts at Truist Financial from $104.00 to $103.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 26.40% from the company’s previous close.

WH has been the subject of a number of other research reports. Susquehanna started coverage on Wyndham Hotels & Resorts in a research report on Friday, June 21st. They set a “neutral” rating and a $80.00 price target for the company. Barclays boosted their price target 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. The Goldman Sachs Group began coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective on the stock. Stifel Nicolaus lowered their target price on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.13.

Wyndham Hotels & Resorts Price Performance

WH stock traded down $0.28 during midday trading on Monday, hitting $81.49. 138,597 shares of the stock were exchanged, compared to its average volume of 729,776. The stock’s 50-day moving average price is $77.29 and its 200-day moving average price is $74.33. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 2.76 and a beta of 1.33. Wyndham Hotels & Resorts has a fifty-two week low of $67.67 and a fifty-two week high of $82.09. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The company had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $370.58 million. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Research analysts predict that Wyndham Hotels & Resorts will post 4.27 earnings per share for the current year.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $76.70, for a total transaction of $559,679.90. Following the transaction, the chief accounting officer now directly owns 4,107 shares in the company, valued at $315,006.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,640 shares of company stock valued at $974,351 over the last quarter. Company insiders own 2.79% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of institutional investors have recently made changes to their positions in the business. Creative Planning increased its stake in shares of Wyndham Hotels & Resorts by 11.1% in the third quarter. Creative Planning now owns 12,959 shares of the company’s stock worth $1,013,000 after purchasing an additional 1,294 shares during the period. CX Institutional increased its stake in Wyndham Hotels & Resorts by 12.3% during the third quarter. CX Institutional now owns 12,286 shares of the company’s stock valued at $960,000 after acquiring an additional 1,342 shares during the period. Peddock Capital Advisors LLC bought a new position in Wyndham Hotels & Resorts during the third quarter valued at about $202,000. GAMMA Investing LLC increased its stake in Wyndham Hotels & Resorts by 54.0% during the third quarter. GAMMA Investing LLC now owns 713 shares of the company’s stock valued at $56,000 after acquiring an additional 250 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in Wyndham Hotels & Resorts by 45.9% during the third quarter. Handelsbanken Fonder AB now owns 22,900 shares of the company’s stock valued at $1,789,000 after acquiring an additional 7,200 shares during the period. 93.46% of the stock is currently owned by institutional investors.

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.