Brokerages Set Wyndham Hotels & Resorts (NYSE:WH) Target Price at $106.98

Wyndham Hotels & Resorts (NYSE:WH) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $106.9792.

A number of brokerages recently commented on WH. Barclays upped their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Robert W. Baird upped their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. began coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They issued an “overweight” rating and a $101.00 target price on the stock. Stifel Nicolaus dropped their target price on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $105.00 price target on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the completion of the transaction, the chief executive officer directly owned 467,394 shares of the company’s stock, valued at $40,088,383.38. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in shares of Wyndham Hotels & Resorts by 73.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock worth $25,000 after buying an additional 133 shares during the period. Elequin Capital LP acquired a new position in shares of Wyndham Hotels & Resorts during the 1st quarter worth approximately $29,000. Hantz Financial Services Inc. raised its stake in shares of Wyndham Hotels & Resorts by 5,950.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 363 shares of the company’s stock worth $29,000 after buying an additional 357 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Wyndham Hotels & Resorts by 49.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after buying an additional 124 shares during the period. Finally, Quarry LP acquired a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth approximately $41,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Price Performance

Shares of WH stock opened at $91.13 on Friday. Wyndham Hotels & Resorts has a fifty-two week low of $72.69 and a fifty-two week high of $113.07. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.54 and a beta of 0.99. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day simple moving average is $84.64 and its 200-day simple moving average is $89.90.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. The firm had revenue of $397.00 million for the quarter, compared to analyst estimates of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. Wyndham Hotels & Resorts’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 earnings per share. As a group, equities analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

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 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.