Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $122.00 at Truist Financial

Wyndham Hotels & Resorts (NYSE:WH) had its price target boosted by Truist Financial from $105.00 to $122.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group increased their target price on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group raised their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised their price objective 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. Finally, Barclays raised their price objective on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.80.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $111.87 on Wednesday. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $112.16. The firm has a fifty day moving average of $103.82 and a 200-day moving average of $91.35. The firm has a market capitalization of $8.70 billion, a P/E ratio of 30.82, a PEG ratio of 2.18 and a beta of 1.29. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. As a group, analysts predict that Wyndham Hotels & Resorts will post 4.8 EPS for the current year.

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. Trust Co. of Vermont grew its holdings in shares of Wyndham Hotels & Resorts by 434.8% during the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Wyndham Hotels & Resorts by 508.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company’s stock valued at $28,000 after buying an additional 234 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Wyndham Hotels & Resorts by 46.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock valued at $35,000 after buying an additional 108 shares in the last quarter. Assetmark Inc. bought a new position in Wyndham Hotels & Resorts in the 3rd quarter valued at $30,000. Finally, UMB Bank n.a. raised its position in Wyndham Hotels & Resorts by 72.7% in the 4th quarter. UMB Bank n.a. now owns 399 shares of the company’s stock valued at $40,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.