Oppenheimer Raises Wyndham Hotels & Resorts (NYSE:WH) Price Target to $115.00

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

Several other equities research analysts also recently commented on WH. Truist Financial boosted their target price on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird boosted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Barclays raised their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price target on the stock. Finally, Stifel Nicolaus raised their price target on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.86.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $96.80 on Tuesday. The firm has a market capitalization of $7.53 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.31. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts has a 12-month low of $67.67 and a 12-month high of $98.73. The firm has a 50-day moving average price of $84.04 and a 200 day moving average price of $77.15.

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 business had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. Wyndham Hotels & Resorts’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 EPS. Research analysts anticipate that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current fiscal year.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 15,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the sale, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. The trade was a 59.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the transaction, the director now directly owns 366,371 shares in the company, valued at $33,343,424.71. This trade represents a 17.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,890 shares of company stock valued at $9,273,255 over the last quarter. Corporate insiders own 2.79% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

A number of institutional investors have recently bought and sold shares of WH. Assetmark Inc. acquired a new position in Wyndham Hotels & Resorts during the third quarter valued at approximately $30,000. Nomura Asset Management Co. Ltd. raised its stake in Wyndham Hotels & Resorts by 86.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after buying an additional 190 shares during the period. GAMMA Investing LLC grew its stake in Wyndham Hotels & Resorts by 80.9% in the second 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. First Horizon Advisors Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 76.9% in the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after acquiring an additional 203 shares in the last quarter. Finally, Concord Wealth Partners raised its position in shares of Wyndham Hotels & Resorts by 115.5% during the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after purchasing an additional 291 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

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.