The Goldman Sachs Group Forecasts Strong Price Appreciation for Wyndham Hotels & Resorts (NYSE:WH) Stock

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) had its target price raised by The Goldman Sachs Group from $100.00 to $115.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's target price would indicate a potential upside of 13.37% from the stock's previous close.

Several other research firms have also issued reports on WH. StockNews.com raised shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Stifel Nicolaus increased their price target on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Barclays boosted their price objective on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Oppenheimer upped their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird lifted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $102.75.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH traded up $0.26 on Tuesday, hitting $101.44. 751,500 shares of the company were exchanged, compared to its average volume of 749,510. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The stock's 50 day moving average price is $90.22 and its 200 day moving average price is $80.17. Wyndham Hotels & Resorts has a 1-year low of $67.67 and a 1-year high of $103.17. The firm has a market capitalization of $7.89 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 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 business had revenue of $396.00 million during the quarter, compared to analysts' expectations of $408.32 million. During the same period in the previous year, the business posted $1.31 EPS. The business's quarterly revenue was down 1.5% compared to the same quarter last year. Sell-side analysts predict that Wyndham Hotels & Resorts will post 4.3 EPS for the current year.

Insider Activity at Wyndham Hotels & Resorts

In other news, insider Scott R. Strickland sold 2,850 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total value of $251,199.00. Following the transaction, the insider now directly owns 26,062 shares in the company, valued at approximately $2,297,104.68. This represents a 9.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.01, for a total value of $7,280,800.00. Following the completion of the sale, the director now directly owns 366,371 shares in the company, valued at approximately $33,343,424.71. The trade was a 17.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,850 shares of company stock worth $8,881,849. Insiders own 2.79% of the company's stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Large investors have recently added to or reduced their stakes in the business. Assetmark Inc. purchased a new stake in Wyndham Hotels & Resorts during the 3rd quarter worth about $30,000. Nomura Asset Management Co. Ltd. grew its position in shares of Wyndham Hotels & Resorts by 86.4% during 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. increased its stake in shares of Wyndham Hotels & Resorts by 76.9% during 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 during the period. Concord Wealth Partners raised its holdings in Wyndham Hotels & Resorts by 115.5% in the third quarter. Concord Wealth Partners now owns 543 shares of the company's stock valued at $42,000 after acquiring an additional 291 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Wyndham Hotels & Resorts in the third quarter worth approximately $49,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

About Wyndham Hotels & Resorts

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.