Wyndham Hotels & Resorts (NYSE:WH) Given New $107.00 Price Target at Stifel Nicolaus

Wyndham Hotels & Resorts (NYSE:WH - Free Report) had its price target upped by Stifel Nicolaus from $92.00 to $107.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also commented on WH. The Goldman Sachs Group began coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a "buy" rating and a $96.00 price target on the stock. Truist Financial increased their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Barclays lifted their price target on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Robert W. Baird increased their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, StockNews.com raised shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of "Moderate Buy" and a consensus target price of $100.00.

Wyndham Hotels & Resorts Price Performance

Shares of Wyndham Hotels & Resorts stock traded up $0.34 during midday trading on Tuesday, hitting $98.03. 728,196 shares of the company were exchanged, compared to its average volume of 749,380. The firm has a 50 day simple moving average of $86.25 and a 200-day simple moving average of $78.16. 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 firm has a market cap of $7.63 billion, a P/E ratio of 31.31, a PEG ratio of 2.45 and a beta of 1.31. Wyndham Hotels & Resorts has a 52 week low of $67.67 and a 52 week high of $98.80.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $396.00 million during the quarter, compared to analysts' expectations of $408.32 million. During the same period last year, the business earned $1.31 earnings per share. The business's revenue was down 1.5% on a year-over-year basis. Research analysts forecast that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.55%. Wyndham Hotels & Resorts's dividend payout ratio is presently 48.25%.

Insiders Place Their Bets

In related news, insider Scott R. Strickland sold 2,850 shares of the company's stock in a transaction 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 completion of the sale, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. This represents a 9.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Monica Melancon sold 5,040 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. The trade was a 32.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,890 shares of company stock worth $9,273,255. Insiders own 2.79% of the company's stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC grew its position in shares of Wyndham Hotels & Resorts by 17.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,414 shares of the company's stock valued at $267,000 after purchasing an additional 516 shares during the period. Virtu Financial LLC bought a new position in Wyndham Hotels & Resorts in the third quarter valued at approximately $214,000. M&T Bank Corp boosted its holdings in shares of Wyndham Hotels & Resorts by 4.2% in the third quarter. M&T Bank Corp now owns 3,415 shares of the company's stock valued at $267,000 after buying an additional 138 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings 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 acquiring an additional 190 shares during the period. Finally, MML Investors Services LLC lifted its position in Wyndham Hotels & Resorts by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 27,384 shares of the company's stock valued at $2,140,000 after acquiring an additional 902 shares in the last quarter. 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.