Wyndham Hotels & Resorts (NYSE:WH) Hits New 1-Year High on Analyst Upgrade

Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) reached a new 52-week high during trading on Tuesday after Robert W. Baird raised their price target on the stock from $108.00 to $115.00. Robert W. Baird currently has an outperform rating on the stock. Wyndham Hotels & Resorts traded as high as $110.94 and last traded at $109.23, with a volume of 1245158 shares traded. The stock had previously closed at $107.32.

Several other equities analysts have also weighed in on WH. The Goldman Sachs Group raised their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their price objective 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. Stifel Nicolaus increased their target price on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Barclays raised their target price on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Oppenheimer upped their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.10.

Institutional Trading of Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its position in shares of Wyndham Hotels & Resorts by 91.9% in the third quarter. Stifel Financial Corp now owns 30,665 shares of the company’s stock valued at $2,396,000 after acquiring an additional 14,688 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Wyndham Hotels & Resorts by 40.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after purchasing an additional 506,593 shares during the period. Natixis Advisors LLC boosted its holdings in Wyndham Hotels & Resorts by 37.7% in the 3rd quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock valued at $2,699,000 after purchasing an additional 9,463 shares during the period. The Manufacturers Life Insurance Company grew its position in Wyndham Hotels & Resorts by 15.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 64,329 shares of the company’s stock worth $5,027,000 after purchasing an additional 8,389 shares during the last quarter. Finally, Impax Asset Management Group plc increased its holdings in shares of Wyndham Hotels & Resorts by 35.0% during the 3rd quarter. Impax Asset Management Group plc now owns 135,000 shares of the company’s stock worth $10,549,000 after purchasing an additional 35,000 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The stock’s 50-day moving average price is $103.66 and its 200 day moving average price is $91.20. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. Equities research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current year.

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.