Robert W. Baird Increases Wyndham Hotels & Resorts (NYSE:WH) Price Target to $97.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective hoisted by Robert W. Baird from $92.00 to $97.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also commented on WH. Truist Financial decreased their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating on the stock in a report on Monday, October 14th. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective on the stock. Barclays increased their price objective on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus raised their target price on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

Wyndham Hotels & Resorts Stock Up 0.7 %

WH opened at $90.63 on Friday. The firm’s 50-day simple moving average is $79.29 and its 200-day simple moving average is $75.00. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $91.93. The firm has a market cap 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 issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The firm had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. During the same quarter in the prior year, the firm earned $1.31 EPS. The company’s revenue was down 1.5% on a year-over-year basis. Equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.26 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.38 dividend. 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 (DPR) is presently 53.90%.

Insider Activity

In related 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 sale, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related 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 sale, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michele Allen sold 15,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were 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 owns 10,056 shares in the company, valued at $904,939.44. This 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 100,040 shares of company stock valued at $9,022,056. 2.79% of the stock is currently owned by insiders.

Institutional Trading of Wyndham Hotels & Resorts

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Wyndham Hotels & Resorts by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock worth $637,875,000 after buying an additional 581,909 shares during the period. Capital Research Global Investors raised its holdings in Wyndham Hotels & Resorts by 0.3% during the 1st quarter. Capital Research Global Investors now owns 7,192,076 shares of the company’s stock worth $551,992,000 after buying an additional 23,549 shares during the period. Boston Partners raised its holdings in Wyndham Hotels & Resorts by 15.4% during the 1st quarter. Boston Partners now owns 3,227,106 shares of the company’s stock worth $247,646,000 after buying an additional 430,053 shares during the period. Burgundy Asset Management Ltd. raised its holdings in Wyndham Hotels & Resorts by 70.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock worth $163,589,000 after buying an additional 916,742 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in Wyndham Hotels & Resorts by 377.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,240,702 shares of the company’s stock worth $91,812,000 after buying an additional 980,848 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.