Truist Financial Trims Wyndham Hotels & Resorts (NYSE:WH) Target Price to $103.00

by · The Cerbat Gem

Wyndham Hotels & Resorts (NYSE:WH – Free Report) had its price objective cut by Truist Financial from $104.00 to $103.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus cut their price target on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, September 19th. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 price target for the company. Barclays lifted their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Susquehanna started coverage on Wyndham Hotels & Resorts in a research note on Friday, June 21st. They set a “neutral” rating and a $80.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.13.

Check Out Our Latest Research Report on WH

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock opened at $82.72 on Monday. Wyndham Hotels & Resorts has a one year low of $67.67 and a one year high of $82.77. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.82 and a beta of 1.33. The business has a 50-day simple moving average of $77.96 and a 200 day simple moving average of $74.50. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.90 and a quick ratio of 0.90.

Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The business had revenue of $367.00 million during the quarter, compared to analyst estimates of $370.58 million. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, research analysts anticipate that Wyndham Hotels & Resorts will post 4.27 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.38 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.84%. Wyndham Hotels & Resorts’s payout ratio is presently 49.51%.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 7,297 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the transaction, the chief accounting officer now owns 4,107 shares in the company, valued at approximately $315,006.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Nicola Rossi sold 7,297 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the transaction, the chief accounting officer now owns 4,107 shares in the company, valued at approximately $315,006.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,640 shares of company stock worth $974,351 in the last 90 days. Insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after acquiring an additional 207 shares during the period. Blue Trust Inc. raised its holdings in Wyndham Hotels & Resorts by 1,245.1% during the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after acquiring an additional 635 shares during the period. Family Firm Inc. bought a new stake in Wyndham Hotels & Resorts during the 2nd quarter valued at $67,000. International Assets Investment Management LLC bought a new stake in Wyndham Hotels & Resorts during the 2nd quarter valued at $70,000. Finally, Concord Wealth Partners increased its holdings in shares of Wyndham Hotels & Resorts by 70.8% in the first quarter. Concord Wealth Partners now owns 1,023 shares of the company’s stock worth $79,000 after purchasing an additional 424 shares during the period. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

(Get Free Report)

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.

Further Reading