Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $92.00

Wyndham Hotels & Resorts (NYSE:WH) had its target price raised by Stifel Nicolaus from $91.00 to $92.00 in a report published on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Robert W. Baird set a $92.00 price objective on Wyndham Hotels & Resorts in a report on Thursday, October 17th. Truist Financial lowered their price target on shares of Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays raised their price objective on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. The Goldman Sachs Group assumed coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a “buy” rating and a $96.00 target price on the stock. Finally, StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $92.29.

Wyndham Hotels & Resorts Stock Up 10.6 %

Shares of Wyndham Hotels & Resorts stock opened at $90.06 on Thursday. Wyndham Hotels & Resorts has a one year low of $67.67 and a one year high of $90.29. The company has a market cap of $7.11 billion, a P/E ratio of 29.34, a PEG ratio of 3.00 and a beta of 1.33. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a fifty day moving average of $78.98 and a two-hundred day moving average of $74.86.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. During the same period in the prior year, the company posted $1.31 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts forecast that Wyndham Hotels & Resorts will post 4.26 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.69%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 49.51%.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the sale, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.79% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

Institutional investors and hedge funds have recently made changes to their positions in the stock. PFG Investments LLC raised its stake in Wyndham Hotels & Resorts by 4.4% in the 2nd quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock valued at $271,000 after purchasing an additional 155 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of 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 valued at $717,000 after buying an additional 175 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after buying an additional 207 shares during the period. Concord Wealth Partners boosted its position 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, Oppenheimer & Co. Inc. boosted its position in Wyndham Hotels & Resorts by 0.9% during the second quarter. Oppenheimer & Co. Inc. now owns 37,401 shares of the company’s stock worth $2,768,000 after acquiring an additional 338 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other 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.