Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $88.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective boosted by research analysts at Barclays from $87.00 to $88.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 17.15% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Robert W. Baird boosted their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com began coverage on Wyndham Hotels & Resorts in a research note on Friday, April 19th. They set a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.43.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH traded down $0.24 during midday trading on Friday, reaching $75.12. The stock had a trading volume of 246,822 shares, compared to its average volume of 675,674. The firm has a fifty day simple moving average of $75.59 and a two-hundred day simple moving average of $76.67. Wyndham Hotels & Resorts has a 12-month low of $63.69 and a 12-month high of $81.73. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.90. The stock has a market cap of $6.09 billion, a P/E ratio of 26.64, a P/E/G ratio of 2.99 and a beta of 1.35.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 39.89%. The firm had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. During the same period last year, the firm posted $0.86 EPS. Wyndham Hotels & Resorts’s quarterly revenue was down 2.6% on a year-over-year basis. On average, equities analysts expect that Wyndham Hotels & Resorts will post 4.19 EPS for the current year.

Insider Activity

In other news, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total transaction of $252,800.00. Following the sale, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at approximately $900,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.79% of the stock is currently owned by insiders.

Institutional Trading of Wyndham Hotels & Resorts

A number of institutional investors have recently modified their holdings of WH. Allworth Financial LP increased its stake in Wyndham Hotels & Resorts by 62.6% during the 4th quarter. Allworth Financial LP now owns 395 shares of the company’s stock worth $32,000 after acquiring an additional 152 shares during the period. Systematic Alpha Investments LLC bought a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at about $37,000. Chilton Capital Management LLC bought a new stake in Wyndham Hotels & Resorts during the 4th quarter worth approximately $47,000. Covestor Ltd boosted its stake in shares of Wyndham Hotels & Resorts by 68.3% in the 3rd quarter. Covestor Ltd now owns 813 shares of the company’s stock worth $57,000 after buying an additional 330 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in shares of Wyndham Hotels & Resorts by 41,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock worth $66,000 after buying an additional 822 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

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.