Oppenheimer Forecasts Strong Price Appreciation for Wyndham Hotels & Resorts (NYSE:WH) Stock

Wyndham Hotels & Resorts (NYSE:WH) had its target price upped by Oppenheimer from $90.00 to $115.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Stifel Nicolaus upped their price objective on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Truist Financial upped their price target on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays lifted their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price for the company. Finally, StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.86.

Wyndham Hotels & Resorts Trading Down 0.4 %

Wyndham Hotels & Resorts stock opened at $96.75 on Tuesday. Wyndham Hotels & Resorts has a 1 year low of $67.67 and a 1 year high of $98.73. The firm’s 50-day moving average is $83.65 and its 200-day moving average is $77.00. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $7.53 billion, a P/E ratio of 30.71, a PEG ratio of 2.50 and a beta of 1.31.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. Wyndham Hotels & Resorts’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted $1.31 earnings per share. On average, equities analysts expect that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Scott R. Strickland sold 2,850 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the completion of the transaction, the insider now owns 26,062 shares of the company’s stock, valued at $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the sale, the director now owns 366,371 shares in the company, valued at approximately $33,343,424.71. This trade represents a 17.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,890 shares of company stock worth $9,273,255. 2.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several hedge funds have recently made changes to their positions in WH. SG Americas Securities LLC grew its position in Wyndham Hotels & Resorts by 205.6% in the first quarter. SG Americas Securities LLC now owns 6,861 shares of the company’s stock worth $527,000 after buying an additional 4,616 shares during the last quarter. Qsemble Capital Management LP acquired a new position in shares of Wyndham Hotels & Resorts in the 1st quarter worth $215,000. Entropy Technologies LP acquired a new stake in shares of Wyndham Hotels & Resorts during the first quarter worth $1,631,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Wyndham Hotels & Resorts by 6.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 109,872 shares of the company’s stock valued at $8,433,000 after purchasing an additional 6,638 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Wyndham Hotels & Resorts by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock valued at $637,875,000 after purchasing an additional 581,909 shares during the period. Institutional investors and hedge funds 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.