Truist Financial Issues Pessimistic Forecast for Wyndham Hotels & Resorts (NYSE:WH) Stock Price

Wyndham Hotels & Resorts (NYSE:WH) had its price target reduced by analysts at Truist Financial from $122.00 to $119.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 30.67% from the company’s current price.

A number of other equities analysts have also recently issued reports on WH. Jefferies Financial Group raised their target price on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. JPMorgan Chase & Co. raised their target price on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Susquehanna raised their target price on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Robert W. Baird raised their target price on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company raised their price target on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.18.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $91.07 on Friday. The business’s 50-day simple moving average is $103.12 and its 200 day simple moving average is $94.76. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.87 and a beta of 1.28. Wyndham Hotels & Resorts has a 12-month low of $67.67 and a 12-month high of $113.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. As a group, research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Institutional Trading of Wyndham Hotels & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Trust Co. of Vermont raised its holdings in shares of Wyndham Hotels & Resorts by 434.8% in the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Wyndham Hotels & Resorts by 508.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company’s stock valued at $28,000 after purchasing an additional 234 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Wyndham Hotels & Resorts by 46.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock valued at $35,000 after purchasing an additional 108 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Wyndham Hotels & Resorts by 72.7% in the fourth quarter. UMB Bank n.a. now owns 399 shares of the company’s stock valued at $40,000 after purchasing an additional 168 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at approximately $41,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.