Wyndham Hotels & Resorts (NYSE:WH) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Wyndham Hotels & Resorts (NYSE:WH) in a report released on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $96.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the company. Susquehanna started coverage on Wyndham Hotels & Resorts in a research note on Friday, June 21st. They set a neutral rating and a $80.00 price objective on the stock. Barclays boosted their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an overweight rating in a report on Friday, July 26th. StockNews.com lowered Wyndham Hotels & Resorts from a hold rating to a sell rating in a report on Friday, September 6th. Stifel Nicolaus lowered their price target on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a buy rating for the company in a report on Thursday, July 25th. Finally, Truist Financial lowered their price target on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a buy rating for the company in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $90.25.

Wyndham Hotels & Resorts Trading Down 0.9 %

Shares of WH stock opened at $79.40 on Wednesday. Wyndham Hotels & Resorts has a 12-month low of $65.63 and a 12-month high of $81.73. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83. The stock’s 50-day moving average price is $76.10 and its 200-day moving average price is $74.13. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 2.70 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.10. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The firm had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $370.58 million. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts predict that Wyndham Hotels & Resorts will post 4.27 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.91%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 53.90%.

Insider Activity at Wyndham Hotels & Resorts

In related news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Nicola Rossi sold 7,297 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the transaction, the chief accounting officer now directly owns 4,107 shares in the company, valued at $315,006.90. The disclosure for this sale can be found here. Insiders have sold a total of 12,640 shares of company stock valued at $974,351 in the last ninety days. Company insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WH. PFG Investments LLC boosted its stake in shares of Wyndham Hotels & Resorts by 4.4% during the 2nd quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock worth $271,000 after acquiring an additional 155 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after acquiring an additional 207 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Wyndham Hotels & Resorts by 7.4% during the 4th quarter. Private Advisor Group LLC now owns 3,644 shares of the company’s stock worth $293,000 after acquiring an additional 251 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 0.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 37,401 shares of the company’s stock worth $2,768,000 after acquiring an additional 338 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of Wyndham Hotels & Resorts by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 20,353 shares of the company’s stock worth $1,562,000 after acquiring an additional 400 shares in the last quarter. 93.46% of the stock is 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.