Wyndham Hotels & Resorts (NYSE:WH) Stock Rating Upgraded by Wells Fargo & Company

Wyndham Hotels & Resorts (NYSE:WH) was upgraded by investment analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a $114.00 target price on the stock, up from their prior target price of $103.00. Wells Fargo & Company‘s price objective indicates a potential upside of 13.17% from the company’s current price.

A number of other analysts have also recently commented on the company. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Robert W. Baird raised their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their target price 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 target price on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.10.

Wyndham Hotels & Resorts Trading Up 1.7 %

NYSE:WH opened at $100.73 on Friday. The company has a market capitalization of $7.84 billion, a P/E ratio of 31.98, a PEG ratio of 2.42 and a beta of 1.30. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts has a 12 month low of $67.67 and a 12 month high of $105.16. The firm has a fifty day simple moving average of $99.02 and a 200-day simple moving average of $85.13.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. Wyndham Hotels & Resorts’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 earnings per share. On average, equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.29 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Michele Allen sold 15,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the sale, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at $904,939.44. This represents a 59.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction on Friday, October 25th. The shares were 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. The trade was a 17.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,850 shares of company stock worth $8,881,849 over the last ninety days. 2.79% of the stock is owned by insiders.

Institutional Trading of Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in WH. M&T Bank Corp grew its position in shares of Wyndham Hotels & Resorts by 4.2% in the 3rd quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock valued at $267,000 after purchasing an additional 138 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Wyndham Hotels & Resorts by 2.7% during the third quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock worth $443,000 after acquiring an additional 147 shares in the last quarter. PFG Investments LLC raised its holdings in shares of Wyndham Hotels & Resorts by 4.4% during the second quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock worth $271,000 after acquiring an additional 155 shares during the period. Equitable Trust Co. lifted its position in Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. Equitable Trust Co. now owns 9,160 shares of the company’s stock valued at $716,000 after acquiring an additional 174 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock worth $717,000 after purchasing an additional 175 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Company Profile

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.