Wyndham Hotels & Resorts, Inc. (NYSE:WH) Receives Average Recommendation of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $90.13.

Several analysts recently issued reports on WH shares. Barclays raised their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. StockNews.com downgraded shares of Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday. Truist Financial dropped their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating on the stock in a report on Monday. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 target price for the company. Finally, Susquehanna began coverage on Wyndham Hotels & Resorts in a report on Friday, June 21st. They set a “neutral” rating and a $80.00 price target on the stock.

Get Our Latest Report on WH

Wyndham Hotels & Resorts Stock Up 0.9 %

NYSE WH opened at $82.72 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. Wyndham Hotels & Resorts has a fifty-two week low of $67.67 and a fifty-two week high of $82.77. The business has a 50 day moving average price of $77.96 and a two-hundred day moving average price of $74.50. The stock has a market cap of $6.67 billion, a PE ratio of 29.33, a P/E/G ratio of 2.82 and a beta of 1.33.

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

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend 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 dividend payout ratio is presently 53.90%.

Insiders Place Their Bets

In related news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the transaction, the insider now owns 10,606 shares of the company’s stock, valued at $823,661.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Monica Melancon sold 5,040 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now owns 10,606 shares of the company’s stock, valued at $823,661.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock worth $974,351 over the last ninety days. Company insiders own 2.79% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of hedge funds have recently modified their holdings of the stock. PFG Investments LLC lifted its position in shares of Wyndham Hotels & Resorts by 4.4% in the 2nd quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock valued at $271,000 after acquiring an additional 155 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after buying an additional 207 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Wyndham Hotels & Resorts by 0.9% in the second quarter. Oppenheimer & Co. Inc. now owns 37,401 shares of the company’s stock worth $2,768,000 after buying an additional 338 shares during the period. State of Michigan Retirement System grew its holdings in shares of Wyndham Hotels & Resorts by 2.0% during the first quarter. State of Michigan Retirement System now owns 20,353 shares of the company’s stock valued at $1,562,000 after buying an additional 400 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its position in Wyndham Hotels & Resorts by 3.1% during the second quarter. iA Global Asset Management Inc. now owns 13,411 shares of the company’s stock valued at $992,000 after buying an additional 407 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

About Wyndham Hotels & Resorts

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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.

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