Truist Financial Has Lowered Expectations for Wyndham Hotels & Resorts (NYSE:WH) Stock Price

Wyndham Hotels & Resorts (NYSE:WH) had its price target dropped by equities researchers at Truist Financial from $122.00 to $119.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 31.12% from the company’s previous close.

Other research analysts have also issued research reports about the company. Susquehanna increased their price target on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. increased their price target on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Jefferies Financial Group increased their price target on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Robert W. Baird increased their price target on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus increased their price target on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and an average target price of $116.18.

Wyndham Hotels & Resorts Price Performance

WH stock opened at $90.76 on Friday. Wyndham Hotels & Resorts has a 1 year low of $67.67 and a 1 year high of $113.07. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50 day moving average price is $102.92 and its 200 day moving average price is $94.96. The firm has a market cap of $7.06 billion, a P/E ratio of 25.00, a PEG ratio of 1.87 and a beta of 1.28.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. On average, sell-side analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Institutional Trading of Wyndham Hotels & Resorts

Several large investors have recently added to or reduced their stakes in WH. Empowered Funds LLC increased its holdings in Wyndham Hotels & Resorts by 44.3% in the 3rd quarter. Empowered Funds LLC now owns 7,677 shares of the company’s stock valued at $600,000 after purchasing an additional 2,355 shares in the last quarter. Natixis Advisors LLC increased 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 in the last quarter. First Horizon Advisors Inc. increased its holdings in Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares in the last quarter. Intech Investment Management LLC increased its holdings in Wyndham Hotels & Resorts by 87.2% in the 3rd quarter. Intech Investment Management LLC now owns 5,901 shares of the company’s stock valued at $461,000 after purchasing an additional 2,749 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Wyndham Hotels & Resorts by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 722,082 shares of the company’s stock valued at $56,423,000 after purchasing an additional 7,241 shares in the last quarter. 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 Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.