Wyndham Hotels & Resorts (NYSE:WH) Given New $115.00 Price Target at Barclays

Wyndham Hotels & Resorts (NYSE:WH - Free Report) had its target price boosted by Barclays from $100.00 to $115.00 in a report released on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

WH has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their target price on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an "overweight" rating in a report on Friday. Oppenheimer boosted their price objective on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Stifel Nicolaus upped their price target on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company started coverage on shares of Wyndham Hotels & Resorts in a report on Thursday, December 5th. They issued an "equal weight" rating and a $103.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $105.56.

Wyndham Hotels & Resorts Price Performance

WH stock traded down $0.30 during mid-day trading on Friday, hitting $103.33. 762,722 shares of the stock were exchanged, compared to its average volume of 642,318. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 2.42 and a beta of 1.32. The business has a fifty day moving average price of $92.21 and a 200 day moving average price of $81.02. Wyndham Hotels & Resorts has a 12 month low of $67.67 and a 12 month high of $105.12.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its 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 return on equity of 51.79% and a net margin of 18.29%. The business had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. During the same quarter in the prior year, the firm earned $1.31 earnings per share. Wyndham Hotels & Resorts's revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.29 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.47%. Wyndham Hotels & Resorts's dividend payout ratio is 48.25%.

Insider Activity at Wyndham Hotels & Resorts

In related news, CFO Michele Allen sold 15,000 shares of the business's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the sale, the chief financial officer now owns 10,056 shares of the company's stock, valued at $904,939.44. The trade was a 59.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen P. Holmes sold 80,000 shares of the company's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the sale, the director now owns 366,371 shares in the company, valued at approximately $33,343,424.71. This trade represents a 17.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,850 shares of company stock worth $8,881,849 over the last 90 days. 2.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of institutional investors have recently modified their holdings of the stock. Assetmark Inc. bought a new position in Wyndham Hotels & Resorts in the 3rd quarter worth about $30,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Wyndham Hotels & Resorts by 86.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company's stock worth $32,000 after buying an additional 190 shares in the last quarter. First Horizon Advisors Inc. lifted its stake 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 worth $36,000 after buying an additional 203 shares in the last quarter. Concord Wealth Partners grew its holdings in shares of Wyndham Hotels & Resorts by 115.5% during the third quarter. Concord Wealth Partners now owns 543 shares of the company's stock valued at $42,000 after buying an additional 291 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Wyndham Hotels & Resorts during the third quarter valued at approximately $49,000. 93.46% of the stock is owned by hedge funds and other 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.