Oppenheimer Issues Positive Forecast for Wyndham Hotels & Resorts (NYSE:WH) Stock Price

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) had its price objective lifted by equities research analysts at Oppenheimer from $90.00 to $115.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's target price would suggest a potential upside of 16.67% from the stock's current price.

A number of other brokerages have also weighed in on WH. Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They issued a "buy" rating and a $96.00 price target for the company. Truist Financial increased their target price on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $97.86.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH traded up $1.45 during trading on Tuesday, hitting $98.57. The company's stock had a trading volume of 896,094 shares, compared to its average volume of 756,074. The company has a 50-day moving average of $82.45 and a 200-day moving average of $76.54. Wyndham Hotels & Resorts has a 12 month low of $67.67 and a 12 month high of $98.73. 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 $7.67 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 2.39 and a beta of 1.31.

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

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total value of $251,199.00. Following the transaction, the insider now directly owns 26,062 shares in the company, valued at $2,297,104.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Stephen P. Holmes sold 80,000 shares of the business's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the transaction, the director now owns 366,371 shares of the company's stock, valued at approximately $33,343,424.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott R. Strickland sold 2,850 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was 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 directly owns 26,062 shares in the company, valued at approximately $2,297,104.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,890 shares of company stock worth $9,273,255 over the last ninety days. Company insiders own 2.79% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Assetmark Inc. bought a new position in shares of Wyndham Hotels & Resorts during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC increased its stake in shares of Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company's stock worth $34,000 after purchasing an additional 207 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company's stock worth $36,000 after buying an additional 203 shares in the last quarter. Concord Wealth Partners lifted its holdings 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 buying an additional 291 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Wyndham Hotels & Resorts by 1,245.1% during the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company's stock worth $53,000 after purchasing an additional 635 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

About Wyndham Hotels & Resorts

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.