Wyndham Hotels & Resorts (NYSE:WH) Coverage Initiated at Wells Fargo & Company

Stock analysts at Wells Fargo & Company started coverage on shares of Wyndham Hotels & Resorts (NYSE:WH) in a report released on Thursday, Marketbeat reports. The firm set an “equal weight” rating and a $103.00 price target on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 1.09% from the company’s current price.

Several other equities analysts have also recently commented on WH. Truist Financial raised their price target on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Robert W. Baird lifted their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price target on the stock. Stifel Nicolaus increased their price target on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Oppenheimer boosted their price objective on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $100.38.

Wyndham Hotels & Resorts Stock Performance

NYSE WH opened at $101.89 on Thursday. The stock has a fifty day simple moving average of $89.76 and a 200-day simple moving average of $79.81. 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 stock has a market cap of $7.93 billion, a PE ratio of 32.35, a P/E/G ratio of 2.56 and a beta of 1.32. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $103.17.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The firm had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. During the same period in the prior year, the business posted $1.31 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts anticipate that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current year.

Insider Activity

In other news, insider Scott R. Strickland sold 2,850 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,297,104.68. This trade represents a 9.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction 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 directly owns 366,371 shares in the company, valued at $33,343,424.71. This represents a 17.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,850 shares of company stock valued at $8,881,849. Company insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC increased its position in shares of Wyndham Hotels & Resorts by 17.8% in the third quarter. Sanctuary Advisors LLC now owns 3,414 shares of the company’s stock valued at $267,000 after buying an additional 516 shares in the last quarter. Virtu Financial LLC acquired a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at about $214,000. 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 valued at $267,000 after acquiring an additional 138 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in 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 last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Wyndham Hotels & Resorts by 3.4% in the third quarter. MML Investors Services LLC now owns 27,384 shares of the company’s stock valued at $2,140,000 after purchasing an additional 902 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other 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.