Wyndham Hotels & Resorts (NYSE:WH) Given New $120.00 Price Target at Jefferies Financial Group

Wyndham Hotels & Resorts (NYSE:WH - Free Report) had its price objective hoisted by Jefferies Financial Group from $107.00 to $120.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on WH. Stifel Nicolaus raised their price target on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. The Goldman Sachs Group upped their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. 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 note on Tuesday, November 12th. Finally, Wells Fargo & Company began coverage on shares of Wyndham Hotels & Resorts in a research report on Thursday, December 5th. They set an "equal weight" rating and a $103.00 target price for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.00.

Wyndham Hotels & Resorts Stock Performance

Shares of WH traded down $0.99 on Thursday, reaching $99.80. 566,087 shares of the company's stock traded hands, compared to its average volume of 747,954. The stock's 50 day simple moving average is $97.70 and its two-hundred day simple moving average is $83.92. The stock has a market cap of $7.76 billion, a PE ratio of 31.68, a PEG ratio of 2.42 and a beta of 1.32. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $105.16. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. The firm had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The business's revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.31 EPS. On average, analysts forecast that Wyndham Hotels & Resorts will post 4.29 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Friday, December 13th. Wyndham Hotels & Resorts's dividend payout ratio is currently 48.25%.

Insider Buying and Selling at Wyndham Hotels & Resorts

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

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. bought a new stake in Wyndham Hotels & Resorts in the 3rd quarter worth $30,000. Nomura Asset Management Co. Ltd. grew 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 purchasing an additional 190 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Wyndham Hotels & Resorts by 76.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company's stock valued at $36,000 after purchasing an additional 203 shares during the period. Concord Wealth Partners raised its position in Wyndham Hotels & Resorts by 115.5% during the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company's stock valued at $42,000 after purchasing an additional 291 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Wyndham Hotels & Resorts in the 3rd quarter worth approximately $49,000. 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.