JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Wyndham Hotels & Resorts (NYSE:WH) Stock

Wyndham Hotels & Resorts (NYSE:WH) had its target price boosted by JPMorgan Chase & Co. from $99.00 to $113.00 in a report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the stock. Oppenheimer raised their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price objective on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Robert W. Baird boosted their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Truist Financial lifted their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $105.56.

Wyndham Hotels & Resorts Stock Down 0.7 %

Shares of NYSE WH opened at $103.33 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The business’s 50 day moving average is $92.21 and its two-hundred day moving average is $81.12. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $105.12. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 2.42 and a beta of 1.32.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The firm had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. During the same quarter in the previous year, the business earned $1.31 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts predict that Wyndham Hotels & Resorts will post 4.29 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

Insiders Place Their Bets

In other news, CFO Michele Allen sold 15,000 shares of the company’s 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 sale, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. This represents a 59.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott R. Strickland sold 2,850 shares of the firm’s stock in a transaction on 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 sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,850 shares of company stock valued at $8,881,849. 2.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. purchased a new stake in shares of Wyndham Hotels & Resorts during the 3rd quarter worth $30,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after purchasing an additional 190 shares in the last quarter. First Horizon Advisors Inc. lifted its stake 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 valued at $36,000 after purchasing an additional 203 shares during the period. Concord Wealth Partners boosted its holdings in 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 buying an additional 291 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Wyndham Hotels & Resorts during the third quarter worth about $49,000. Hedge funds and other institutional investors 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.