JPMorgan Chase & Co. Cuts Wyndham Hotels & Resorts (NYSE:WH) Price Target to $91.00

Wyndham Hotels & Resorts (NYSE:WH) had its target price lowered by analysts at JPMorgan Chase & Co. from $95.00 to $91.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 26.67% from the company’s previous close.

Several other research analysts have also recently commented on WH. Weiss Ratings reiterated a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a report on Monday, December 29th. Wells Fargo & Company began coverage on Wyndham Hotels & Resorts in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $82.00 target price for the company. Truist Financial lifted their price target on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company a “buy” rating in a report on Tuesday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $76.00 target price (down previously from $88.00) on shares of Wyndham Hotels & Resorts in a report on Monday, December 15th. Finally, Robert W. Baird lowered their price objective on shares of Wyndham Hotels & Resorts from $93.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 28th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

Wyndham Hotels & Resorts Trading Down 0.8%

WH stock traded down $0.60 during trading on Tuesday, reaching $71.84. 459,604 shares of the stock traded hands, compared to its average volume of 1,300,763. The firm has a market capitalization of $5.43 billion, a PE ratio of 16.51, a P/E/G ratio of 1.92 and a beta of 0.76. The company has a debt-to-equity ratio of 4.43, a current ratio of 1.16 and a quick ratio of 1.16. The business’s 50 day moving average price is $76.37 and its 200-day moving average price is $79.69. Wyndham Hotels & Resorts has a 52-week low of $69.21 and a 52-week high of $113.07.

Insider Activity at Wyndham Hotels & Resorts

In other news, insider Scott R. Strickland sold 28,134 shares of Wyndham Hotels & Resorts stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $71.11, for a total value of $2,000,608.74. Following the transaction, the insider directly owned 40,363 shares in the company, valued at approximately $2,870,212.93. The trade was a 41.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Geoffrey A. Ballotti sold 55,124 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $79.27, for a total transaction of $4,369,679.48. Following the completion of the sale, the chief executive officer directly owned 490,028 shares of the company’s stock, valued at approximately $38,844,519.56. This trade represents a 10.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 120,606 shares of company stock worth $9,047,218. 2.46% of the stock is owned by insiders.

Institutional Trading of Wyndham Hotels & Resorts

Several institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Wyndham Hotels & Resorts by 73.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock valued at $25,000 after buying an additional 133 shares during the period. Hantz Financial Services Inc. lifted its stake in Wyndham Hotels & Resorts by 5,950.0% during the second quarter. Hantz Financial Services Inc. now owns 363 shares of the company’s stock worth $29,000 after purchasing an additional 357 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Wyndham Hotels & Resorts by 49.2% during the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares in the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC boosted its stake in Wyndham Hotels & Resorts by 181.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 495 shares of the company’s stock valued at $40,000 after buying an additional 319 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.