Wyndham Hotels & Resorts (NYSE:WH) Now Covered by Wells Fargo & Company

Stock analysts at Wells Fargo & Company assumed coverage on shares of Wyndham Hotels & Resorts (NYSE:WH) in a report issued on Thursday,Briefing.com Automated Import reports. The brokerage set an “equal weight” rating and a $103.00 price target on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 1.91% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Stifel Nicolaus boosted their target price on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Robert W. Baird lifted their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Truist Financial boosted their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $100.38.

Wyndham Hotels & Resorts Trading Up 3.3 %

WH opened at $101.07 on Thursday. The firm has a market capitalization of $7.86 billion, a P/E ratio of 32.09, a P/E/G ratio of 2.48 and a beta of 1.32. The firm’s 50 day moving average is $88.91 and its 200-day moving average is $79.44. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $101.35. 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 announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. During the same quarter in the previous year, the company posted $1.31 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts expect that Wyndham Hotels & Resorts will post 4.3 EPS for the current fiscal year.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the 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 completion of the sale, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. This represents a 32.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott R. Strickland sold 2,850 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now owns 26,062 shares of the company’s stock, valued at $2,297,104.68. This represents a 9.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,890 shares of company stock valued at $9,273,255. Insiders own 2.79% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

Institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp boosted its stake in shares of Wyndham Hotels & Resorts by 4.2% in 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 shares of 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 purchasing an additional 147 shares in the last quarter. PFG Investments LLC boosted its position in shares of Wyndham Hotels & Resorts by 4.4% during 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 in the last quarter. Equitable Trust Co. boosted its holdings in shares of 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 buying an additional 174 shares during the period. Finally, State of Alaska Department of Revenue lifted 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 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 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.