Wyndham Hotels & Resorts (NYSE:WH) Reaches New 12-Month High Following Analyst Upgrade

Wyndham Hotels & Resorts, Inc. (NYSE:WH) shares hit a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from $92.00 to $107.00. Stifel Nicolaus currently has a buy rating on the stock. Wyndham Hotels & Resorts traded as high as $98.75 and last traded at $98.64, with a volume of 232868 shares changing hands. The stock had previously closed at $97.69.

A number of other analysts have also commented on the company. 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 target price for the company. Barclays lifted their price objective on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Oppenheimer upped 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. Truist Financial raised their price target on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Insider Activity

In related news, insider Monica Melancon sold 5,040 shares of the company’s 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 transaction, the insider now owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. This represents a 32.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 366,371 shares in the company, valued at approximately $33,343,424.71. This represents a 17.92 % decrease in their ownership of the stock. 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 quarter. 2.79% of the stock is currently owned by insiders.

Institutional Trading of Wyndham Hotels & Resorts

Several institutional investors have recently made changes to their positions in the business. Assetmark Inc. purchased a new stake in Wyndham Hotels & Resorts in the 3rd quarter worth $30,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Wyndham Hotels & Resorts by 86.4% during the 3rd 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. GAMMA Investing LLC boosted its position in shares of Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after acquiring an additional 207 shares during the last quarter. 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 increased its position in Wyndham Hotels & Resorts by 115.5% in the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after purchasing an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Trading Up 1.1 %

The company has a market cap of $7.68 billion, a PE ratio of 31.01, a P/E/G ratio of 2.45 and a beta of 1.31. The stock’s 50 day moving average is $86.25 and its 200-day moving average is $78.16. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The firm had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS. As a group, sell-side analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, December 13th. This represents a $1.52 annualized dividend and a yield of 1.54%. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

Wyndham Hotels & Resorts Company Profile

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.