Robert W. Baird Issues Pessimistic Forecast for Wyndham Hotels & Resorts (NYSE:WH) Stock Price

Wyndham Hotels & Resorts (NYSE:WH) had its price objective reduced by analysts at Robert W. Baird from $96.00 to $95.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird‘s target price points to a potential upside of 26.73% from the company’s current price.

WH has been the subject of several other research reports. Susquehanna decreased their price objective on Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Morgan Stanley raised their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday. Stifel Nicolaus lifted their price target on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company boosted their price target on Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Finally, Freedom Broker assumed coverage on Wyndham Hotels & Resorts in a research report on Wednesday, October 14th. They issued a “buy” rating and a $88.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $96.00.

Wyndham Hotels & Resorts Trading Down 4.3%

Shares of Wyndham Hotels & Resorts stock opened at $74.96 on Friday. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a fifty day moving average price of $72.35 and a 200 day moving average price of $77.82. Wyndham Hotels & Resorts has a 1 year low of $66.87 and a 1 year high of $90.35. The stock has a market cap of $5.56 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.03 and a beta of 0.67.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.32 by $0.11. Wyndham Hotels & Resorts had a net margin of 13.97% and a return on equity of 77.85%. The company had revenue of $410.00 million for the quarter, compared to analyst estimates of $408.99 million. During the same period in the prior year, the company earned $1.46 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Wyndham Hotels & Resorts will post 4.82 earnings per share for the current year.

Wyndham Hotels & Resorts declared that its board has authorized a share repurchase plan on Tuesday, September 29th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 7.6% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, CEO Geoffrey Ballotti sold 19,414 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $72.71, for a total transaction of $1,411,591.94. Following the sale, the chief executive officer directly owned 549,323 shares of the company’s stock, valued at $39,941,275.33. This represents a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.33% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of WH. Fifth Third Wealth Advisors LLC raised its holdings in Wyndham Hotels & Resorts by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,043 shares of the company’s stock worth $247,000 after purchasing an additional 129 shares during the period. GAMMA Investing LLC boosted its position in Wyndham Hotels & Resorts by 14.2% during the second quarter. GAMMA Investing LLC now owns 1,858 shares of the company’s stock worth $156,000 after purchasing an additional 231 shares in the last quarter. State of Michigan Retirement System grew its holdings in Wyndham Hotels & Resorts by 1.7% in the first quarter. State of Michigan Retirement System now owns 18,153 shares of the company’s stock valued at $1,475,000 after purchasing an additional 300 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Wyndham Hotels & Resorts by 2.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,472 shares of the company’s stock valued at $1,257,000 after purchasing an additional 400 shares during the period. Finally, Continuum Advisory LLC acquired a new stake in Wyndham Hotels & Resorts in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc is a global hotel franchising company that operates an asset-light lodging business. Rather than owning and managing most of its hotels, the company licenses its brands and provides franchisees with support in areas such as marketing, reservations, technology, training and operational standards.

Its portfolio includes a range of economy, midscale and upscale hotel brands, including Super 8, Days Inn, Ramada, La Quinta, Microtel, Baymont, Wingate, AmericInn, Wyndham, Wyndham Garden, Registry Collection Hotels and ECHO Suites Extended Stay by Wyndham.