Wyndham Hotels & Resorts (NYSE:WH) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Wyndham Hotels & Resorts (NYSE:WH) had its price target raised by stock analysts at JPMorgan Chase & Co. from $99.00 to $113.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 9.36% from the stock’s previous close.

A number of other brokerages also recently commented on WH. Oppenheimer lifted their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company initiated coverage on Wyndham Hotels & Resorts in a research report on Thursday, December 5th. They set an “equal weight” rating and a $103.00 price objective for the company. Barclays increased their target price on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Truist Financial increased their price objective 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.56.

Wyndham Hotels & Resorts Stock Down 0.3 %

NYSE:WH opened at $103.33 on Friday. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32. Wyndham Hotels & Resorts has a one year low of $67.67 and a one year high of $105.12. The stock has a 50-day simple moving average of $92.21 and a 200 day simple moving average of $81.02.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $408.32 million. During the same period in the previous year, the business earned $1.31 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts predict that Wyndham Hotels & Resorts will post 4.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, 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 transaction, the director now directly owns 366,371 shares of the company’s stock, valued at $33,343,424.71. The trade was a 17.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott R. Strickland sold 2,850 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction 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. The trade was a 9.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,850 shares of company stock worth $8,881,849. 2.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC lifted its position in shares of Wyndham Hotels & Resorts by 69.2% in the 2nd quarter. CWM LLC now owns 3,090 shares of the company’s stock valued at $229,000 after acquiring an additional 1,264 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Wyndham Hotels & Resorts by 11.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,313 shares of the company’s stock worth $467,000 after buying an additional 627 shares during the period. Blue Trust Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 1,245.1% during the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after buying an additional 635 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Wyndham Hotels & Resorts by 10.7% during the second quarter. Raymond James & Associates now owns 74,663 shares of the company’s stock valued at $5,525,000 after buying an additional 7,226 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Wyndham Hotels & Resorts by 19.7% during the second quarter. Nisa Investment Advisors LLC now owns 19,168 shares of the company’s stock valued at $1,418,000 after buying an additional 3,150 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.