Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) was upgraded by equities researchers at Redburn Atlantic from a "neutral" rating to a "buy" rating in a research note issued on Monday, Marketbeat.com reports. The brokerage presently has a $115.00 price objective on the stock. Redburn Atlantic's target price suggests a potential upside of 28.32% from the company's current price.
WH has been the subject of a number of other reports. Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Barclays upped their price target on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Stifel Nicolaus lifted their price objective on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Truist Financial cut their price objective on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. raised their target price on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts has a consensus rating of "Moderate Buy" and an average price target of $116.08.
Read Our Latest Research Report on WH
Wyndham Hotels & Resorts Stock Performance
Shares of NYSE WH traded down $2.57 during midday trading on Monday, reaching $89.62. 779,031 shares of the stock were exchanged, compared to its average volume of 814,683. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.87 and a beta of 1.28. The firm has a 50-day simple moving average of $101.89 and a two-hundred day simple moving average of $95.34. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $113.07.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. As a group, analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.
Hedge Funds Weigh In On Wyndham Hotels & Resorts
A number of institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 24,953.8% during the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company's stock worth $134,414,000 after buying an additional 1,328,292 shares during the last quarter. Norges Bank acquired a new stake in Wyndham Hotels & Resorts during the fourth quarter worth $104,774,000. JPMorgan Chase & Co. increased its stake in Wyndham Hotels & Resorts by 404.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company's stock worth $122,261,000 after acquiring an additional 972,708 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in Wyndham Hotels & Resorts in the fourth quarter valued at $54,738,000. Finally, Interval Partners LP acquired a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at $31,991,000. 93.46% of the stock is owned by hedge funds and other institutional investors.
About Wyndham Hotels & Resorts
(
Get Free Report)
Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.
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