Oppenheimer Forecasts Strong Price Appreciation for Wyndham Hotels & Resorts (NYSE:WH) Stock

Wyndham Hotels & Resorts (NYSE:WH) had its price target raised by Oppenheimer from $90.00 to $115.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also weighed in on WH. Stifel Nicolaus raised their price objective on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price target on the stock. Robert W. Baird increased their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Truist Financial raised their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Barclays boosted their target price on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.86.

Wyndham Hotels & Resorts Price Performance

NYSE WH opened at $96.80 on Tuesday. Wyndham Hotels & Resorts has a 52 week low of $67.67 and a 52 week high of $98.73. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.31. The company has a 50-day moving average price of $84.04 and a two-hundred day moving average price of $77.15. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The firm had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. During the same quarter in the prior year, the firm posted $1.31 EPS. Wyndham Hotels & Resorts’s revenue was down 1.5% compared to the same quarter last year. Analysts forecast that Wyndham Hotels & Resorts will post 4.3 EPS for the current year.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.99, for a total value of $1,349,850.00. Following the transaction, the chief financial officer now owns 10,056 shares of the company’s stock, valued at $904,939.44. This trade represents a 59.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott R. Strickland sold 2,850 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now directly owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.68. This represents a 9.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,890 shares of company stock worth $9,273,255 over the last ninety days. 2.79% of the stock is currently owned by insiders.

Institutional Trading of Wyndham Hotels & Resorts

Several hedge funds have recently added to or reduced their stakes in WH. Assetmark Inc. bought a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at $30,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Wyndham Hotels & Resorts by 86.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after buying an additional 190 shares during the period. GAMMA Investing LLC grew its position in Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after buying an additional 207 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Wyndham Hotels & Resorts by 76.9% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after acquiring an additional 203 shares during the period. Finally, Concord Wealth Partners raised its holdings in Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after acquiring an additional 291 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.