Stifel Nicolaus Boosts Wyndham Hotels & Resorts (NYSE:WH) Price Target to $92.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective increased by Stifel Nicolaus from $91.00 to $92.00 in a research report sent to investors on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research firms have also weighed in on WH. Robert W. Baird set a $92.00 price objective on Wyndham Hotels & Resorts in a research note on Thursday, October 17th. Barclays lifted their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. The Goldman Sachs Group initiated coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price for the company. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Truist Financial decreased their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $94.00.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH opened at $90.63 on Thursday. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $91.93. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83. The firm has a 50-day moving average of $79.29 and a two-hundred day moving average of $74.98. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 3.00 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. The business had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 earnings per share. As a group, analysts expect that Wyndham Hotels & Resorts will post 4.26 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 10,606 shares in the company, valued at $823,661.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Michele Allen sold 15,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was 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 in the company, valued at approximately $904,939.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,343 shares of company stock worth $9,045,321. 2.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in Wyndham Hotels & Resorts by 17.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 104,609 shares of the company’s stock worth $8,029,000 after buying an additional 15,599 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Wyndham Hotels & Resorts by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 20,353 shares of the company’s stock valued at $1,562,000 after acquiring an additional 400 shares during the last quarter. Concord Wealth Partners raised its stake in shares of Wyndham Hotels & Resorts by 70.8% in the 1st quarter. Concord Wealth Partners now owns 1,023 shares of the company’s stock valued at $79,000 after acquiring an additional 424 shares in the last quarter. Van ECK Associates Corp acquired a new stake in Wyndham Hotels & Resorts in the 1st quarter worth approximately $2,292,000. Finally, Retirement Systems of Alabama lifted its holdings in Wyndham Hotels & Resorts by 40.1% in the 1st quarter. Retirement Systems of Alabama now owns 231,671 shares of the company’s stock worth $17,781,000 after purchasing an additional 66,266 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

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.