Truist Financial Issues Pessimistic Forecast for Wyndham Hotels & Resorts (NYSE:WH) Stock Price

Wyndham Hotels & Resorts (NYSE:WH) had its target price reduced by investment analysts at Truist Financial from $122.00 to $119.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 30.67% from the stock’s current price.

A number of other brokerages have also commented on WH. Susquehanna upped their price target on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Robert W. Baird upped their price target on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Jefferies Financial Group upped their price target on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Wells Fargo & Company upped their price target on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Morgan Stanley upped their target price on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $116.18.

Wyndham Hotels & Resorts Stock Down 0.1 %

Shares of Wyndham Hotels & Resorts stock opened at $91.07 on Friday. The stock has a market capitalization of $7.08 billion, a P/E ratio of 25.09, a PEG ratio of 1.87 and a beta of 1.28. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The stock has a 50 day moving average price of $103.12 and a two-hundred day moving average price of $94.76. Wyndham Hotels & Resorts has a 12-month low of $67.67 and a 12-month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. Equities analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Institutional Trading of Wyndham Hotels & Resorts

Several large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Wyndham Hotels & Resorts by 4.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,326 shares of the company’s stock worth $638,000 after purchasing an additional 288 shares during the last quarter. Forum Financial Management LP bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $232,000. Public Employees Retirement System of Ohio grew its holdings in shares of Wyndham Hotels & Resorts by 71.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 49,616 shares of the company’s stock worth $5,001,000 after purchasing an additional 20,670 shares during the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of Wyndham Hotels & Resorts by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company’s stock worth $231,947,000 after purchasing an additional 37,832 shares during the last quarter. Finally, Castleark Management LLC bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $6,556,000. Institutional investors own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.