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

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) had its price target lifted by stock analysts at Truist Financial from $105.00 to $122.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's target price would indicate a potential upside of 11.99% from the company's previous close.

WH has been the topic of a number of other research reports. StockNews.com upgraded Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Jefferies Financial Group boosted their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. The Goldman Sachs Group increased their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Wells Fargo & Company boosted their price target on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus upped their price objective on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $113.80.

Wyndham Hotels & Resorts Trading Down 2.7 %

Shares of WH traded down $2.97 during mid-day trading on Wednesday, reaching $108.94. The stock had a trading volume of 1,095,842 shares, compared to its average volume of 775,528. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $113.07. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 1.87 and a beta of 1.29. The business's fifty day moving average is $103.98 and its 200 day moving average is $91.49. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly 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 will post 4.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of hedge funds have recently added to or reduced their stakes in WH. Creative Planning raised its stake in shares of Wyndham Hotels & Resorts by 11.1% in the third quarter. Creative Planning now owns 12,959 shares of the company's stock valued at $1,013,000 after acquiring an additional 1,294 shares in the last quarter. Venture Visionary Partners LLC purchased a new stake in Wyndham Hotels & Resorts during the 3rd quarter worth about $209,000. Sequoia Financial Advisors LLC acquired a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at about $680,000. International Assets Investment Management LLC boosted its stake in shares of Wyndham Hotels & Resorts by 6,887.1% in the 3rd quarter. International Assets Investment Management LLC now owns 66,028 shares of the company's stock valued at $5,159,000 after buying an additional 65,083 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Wyndham Hotels & Resorts by 1.9% during the third quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company's stock worth $717,000 after buying an additional 175 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

About Wyndham Hotels & Resorts

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.