JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Wyndham Hotels & Resorts (NYSE:WH) Stock

Wyndham Hotels & Resorts (NYSE:WH - Free Report) had its target price increased by JPMorgan Chase & Co. from $99.00 to $113.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also issued reports on the stock. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Wells Fargo & Company began coverage on shares of Wyndham Hotels & Resorts in a research report on Thursday, December 5th. They issued an "equal weight" rating and a $103.00 target price on the stock. Barclays raised their target price on shares of 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 raised their price target on shares of 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, The Goldman Sachs Group raised their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $105.56.

Wyndham Hotels & Resorts Stock Down 0.3 %

Shares of Wyndham Hotels & Resorts stock traded down $0.30 during trading hours on Friday, reaching $103.33. 762,722 shares of the company's stock were exchanged, compared to its average volume of 750,295. 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 company has a 50 day moving average of $91.72 and a two-hundred day moving average of $80.71. The stock has a market cap of $8.04 billion, a P/E ratio of 32.80, a P/E/G ratio of 2.43 and a beta of 1.32. Wyndham Hotels & Resorts has a fifty-two week low of $67.67 and a fifty-two week high of $105.12.

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

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, December 13th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 48.25%.

Insider Activity

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

Institutional Trading of Wyndham Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of WH. M&T Bank Corp increased its holdings in Wyndham Hotels & Resorts by 4.2% during the 3rd quarter. M&T Bank Corp now owns 3,415 shares of the company's stock worth $267,000 after acquiring an additional 138 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 2.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company's stock valued at $443,000 after purchasing an additional 147 shares in the last quarter. PFG Investments LLC boosted its stake in shares of Wyndham Hotels & Resorts by 4.4% in the 2nd quarter. PFG Investments LLC now owns 3,667 shares of the company's stock valued at $271,000 after purchasing an additional 155 shares in the last quarter. Equitable Trust Co. boosted its position in Wyndham Hotels & Resorts by 1.9% during the 3rd quarter. Equitable Trust Co. now owns 9,160 shares of the company's stock valued at $716,000 after buying an additional 174 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Wyndham Hotels & Resorts by 1.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company's stock valued at $717,000 after buying an additional 175 shares during the period. Institutional investors own 93.46% of the company's stock.

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.