Wyndham Hotels & Resorts (NYSE:WH) PT Raised to $92.00

Wyndham Hotels & Resorts (NYSE:WH - Free Report) had its price target increased by Stifel Nicolaus from $91.00 to $92.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently weighed in on WH. Truist Financial cut their price target on Wyndham Hotels & Resorts from $104.00 to $103.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Barclays upped their target price on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Tuesday. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a "buy" rating and a $96.00 price target for the company. Finally, Robert W. Baird set a $92.00 price objective on shares of Wyndham Hotels & Resorts in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Wyndham Hotels & Resorts has an average rating of "Moderate Buy" and a consensus price target of $91.57.

Wyndham Hotels & Resorts Stock Up 10.6 %

Shares of WH stock traded up $8.64 during trading on Thursday, reaching $90.06. The company's stock had a trading volume of 2,088,125 shares, compared to its average volume of 748,868. Wyndham Hotels & Resorts has a 1-year low of $67.67 and a 1-year high of $90.29. The stock's 50-day moving average price is $78.68 and its 200 day moving average price is $74.75. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 3.00 and a beta of 1.33. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.90 and a quick ratio of 0.90.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.03 by $0.10. The business had revenue of $367.00 million during the quarter, compared to the consensus estimate of $370.58 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 earnings per share. On average, research analysts anticipate that Wyndham Hotels & Resorts will post 4.26 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.38 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.69%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 49.51%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, insider Monica Melancon sold 5,040 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the transaction, the insider now owns 10,606 shares in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Nicola Rossi sold 7,297 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares in the company, valued at approximately $315,006.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Monica Melancon sold 5,040 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock worth $974,351 over the last 90 days. Corporate insiders own 2.79% of the company's stock.

Institutional Trading of Wyndham Hotels & Resorts

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company's stock worth $34,000 after purchasing an additional 207 shares during the last quarter. Blue Trust Inc. raised its position in Wyndham Hotels & Resorts by 1,245.1% during the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company's stock worth $53,000 after buying an additional 635 shares during the last quarter. Family Firm Inc. acquired a new stake in Wyndham Hotels & Resorts in the second quarter valued at about $67,000. International Assets Investment Management LLC acquired a new position in Wyndham Hotels & Resorts during the 2nd quarter worth approximately $70,000. Finally, Concord Wealth Partners raised its stake in shares of Wyndham Hotels & Resorts by 70.8% during the 1st quarter. Concord Wealth Partners now owns 1,023 shares of the company's stock worth $79,000 after buying an additional 424 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

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.