Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $88.00

Wyndham Hotels & Resorts (NYSE:WH) had its target price hoisted by Barclays from $87.00 to $88.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 17.15% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. StockNews.com assumed coverage on Wyndham Hotels & Resorts in a report on Friday, April 19th. They set a “hold” rating on the stock. Robert W. Baird raised their price target on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.43.

Wyndham Hotels & Resorts Trading Down 0.3 %

Shares of WH traded down $0.24 during midday trading on Friday, reaching $75.12. The company had a trading volume of 246,822 shares, compared to its average volume of 675,674. The stock has a market cap of $6.09 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.99 and a beta of 1.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.90. The firm has a 50 day simple moving average of $75.59 and a 200-day simple moving average of $76.67. Wyndham Hotels & Resorts has a 1-year low of $63.69 and a 1-year high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 39.89% and a net margin of 17.19%. The firm had revenue of $305.00 million during the quarter, compared to the consensus estimate of $308.24 million. During the same period in the prior year, the company posted $0.86 earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. Research analysts forecast that Wyndham Hotels & Resorts will post 4.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Nicola Rossi sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the transaction, the chief accounting officer now owns 11,404 shares in the company, valued at approximately $900,916. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Several institutional investors have recently made changes to their positions in WH. Allworth Financial LP raised its position in Wyndham Hotels & Resorts by 62.6% during the fourth quarter. Allworth Financial LP now owns 395 shares of the company’s stock valued at $32,000 after purchasing an additional 152 shares in the last quarter. Systematic Alpha Investments LLC bought a new stake in Wyndham Hotels & Resorts during the third quarter valued at $37,000. Chilton Capital Management LLC bought a new position in Wyndham Hotels & Resorts in the 4th quarter valued at about $47,000. Covestor Ltd lifted its position in Wyndham Hotels & Resorts by 68.3% in the 3rd quarter. Covestor Ltd now owns 813 shares of the company’s stock valued at $57,000 after acquiring an additional 330 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its position in Wyndham Hotels & Resorts by 41,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after acquiring an additional 822 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

About Wyndham Hotels & Resorts

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.