Wyndham Hotels & Resorts (NYSE:WH) Raised to Hold at StockNews.com

Wyndham Hotels & Resorts (NYSE:WH) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other brokerages have also recently issued reports on WH. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a “buy” rating and a $96.00 target price on the stock. Truist Financial dropped their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating for the company in a report on Monday, October 14th. Stifel Nicolaus lowered their price objective on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Barclays raised their price objective on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Robert W. Baird set a $92.00 price objective on Wyndham Hotels & Resorts in a report on Thursday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and an average target price of $90.63.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $82.64 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. Wyndham Hotels & Resorts has a 52 week low of $67.67 and a 52 week high of $83.14. The firm has a 50 day moving average of $78.13 and a 200-day moving average of $74.56. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.87 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.10. The business had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $370.58 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. On average, equities analysts forecast that Wyndham Hotels & Resorts will post 4.26 earnings per share for the current year.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Monica Melancon sold 5,040 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the sale, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,640 shares of company stock worth $974,351. Insiders own 2.79% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

Large investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at about $314,000. Allspring Global Investments Holdings LLC increased its position in Wyndham Hotels & Resorts by 17.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 104,609 shares of the company’s stock worth $8,029,000 after buying an additional 15,599 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Wyndham Hotels & Resorts by 2.0% in the first quarter. State of Michigan Retirement System now owns 20,353 shares of the company’s stock worth $1,562,000 after acquiring an additional 400 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 2.5% during the first quarter. Principal Financial Group Inc. now owns 312,329 shares of the company’s stock worth $23,971,000 after buying an additional 7,479 shares in the last quarter. Finally, Concord Wealth Partners boosted its holdings in shares of Wyndham Hotels & Resorts by 70.8% during the first quarter. Concord Wealth Partners now owns 1,023 shares of the company’s stock worth $79,000 after purchasing an additional 424 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

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.