Wells Fargo & Company Upgrades Wyndham Hotels & Resorts (NYSE:WH) to Overweight

Wyndham Hotels & Resorts (NYSE:WH) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a $114.00 price objective on the stock, up from their prior price objective of $103.00. Wells Fargo & Company‘s price objective would suggest a potential upside of 15.15% from the stock’s current price.

Several other brokerages have also recently issued reports on WH. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Robert W. Baird lifted their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays increased their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their price target on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Truist Financial raised their price objective on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and nine have issued 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 price target of $108.10.

Wyndham Hotels & Resorts Price Performance

Shares of WH opened at $99.00 on Friday. 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 50 day moving average price of $98.77 and a 200-day moving average price of $84.87. Wyndham Hotels & Resorts has a fifty-two week low of $67.67 and a fifty-two week high of $105.16. The stock has a market capitalization of $7.70 billion, a PE ratio of 31.43, a PEG ratio of 2.42 and a beta of 1.30.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly 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. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. During the same period in the prior year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts predict that Wyndham Hotels & Resorts will post 4.29 earnings per share for the current fiscal year.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the sale, the director now owns 366,371 shares of the company’s stock, valued at $33,343,424.71. This trade represents a 17.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 10,056 shares of the company’s stock, valued at $904,939.44. This represents a 59.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,850 shares of company stock worth $8,881,849. 2.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WH. Assetmark Inc. acquired a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at $30,000. Nomura Asset Management Co. Ltd. grew its position 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 purchasing an additional 190 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Wyndham Hotels & Resorts by 76.9% in the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares during the period. Concord Wealth Partners raised its holdings in shares of Wyndham Hotels & Resorts by 115.5% in the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after buying an additional 291 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Wyndham Hotels & Resorts in the third quarter valued at about $49,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

About Wyndham Hotels & Resorts

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