Wyndham Hotels & Resorts (NYSE:WH) Reaches New 12-Month High After Analyst Upgrade

Wyndham Hotels & Resorts, Inc. (NYSE:WH - Get Free Report) reached a new 52-week high on Tuesday after Truist Financial raised their price target on the stock from $105.00 to $122.00. Truist Financial currently has a buy rating on the stock. Wyndham Hotels & Resorts traded as high as $110.94 and last traded at $109.23, with a volume of 1245158 shares traded. The stock had previously closed at $107.32.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Robert W. Baird upped their price objective on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday. Jefferies Financial Group upped their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company upped their price objective on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts presently has an average rating of "Moderate Buy" and an average target price of $113.80.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of hedge funds have recently bought and sold shares of the company. Forum Financial Management LP bought a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at about $232,000. Public Employees Retirement System of Ohio lifted its stake in shares of Wyndham Hotels & Resorts by 71.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 49,616 shares of the company's stock valued at $5,001,000 after buying an additional 20,670 shares during the period. Burgundy Asset Management Ltd. lifted its stake in shares of Wyndham Hotels & Resorts by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company's stock valued at $231,947,000 after buying an additional 37,832 shares during the period. Castleark Management LLC bought a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at about $6,556,000. Finally, State of Wyoming bought a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at about $69,000. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Trading Down 2.7 %

The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50 day moving average is $104.09 and its two-hundred day moving average is $91.74. The firm has a market cap of $8.47 billion, a P/E ratio of 30.01, a PEG ratio of 1.87 and a beta of 1.29.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. On average, sell-side analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.