Wyndham Hotels & Resorts (NYSE:WH) Given New $115.00 Price Target at Oppenheimer

Wyndham Hotels & Resorts (NYSE:WH) had its price target raised by Oppenheimer from $90.00 to $115.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on WH. Stifel Nicolaus lifted their target price on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays lifted their price objective on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a “buy” rating and a $96.00 target price on the stock. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Truist Financial increased their price objective on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.86.

Wyndham Hotels & Resorts Stock Up 1.5 %

Shares of NYSE WH opened at $98.57 on Tuesday. Wyndham Hotels & Resorts has a 12-month low of $67.67 and a 12-month high of $98.73. The firm’s 50-day simple moving average is $82.86 and its 200 day simple moving average is $76.72. 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 company has a market cap of $7.67 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 2.39 and a beta of 1.31.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. Wyndham Hotels & Resorts’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 earnings per share. On average, research analysts expect that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, September 13th. Wyndham Hotels & Resorts’s payout ratio is presently 48.25%.

Insiders Place Their Bets

In other news, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the transaction, the insider now owns 26,062 shares of the company’s stock, valued at $2,297,104.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the transaction, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michele Allen sold 15,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $89.99, for a total value of $1,349,850.00. Following the sale, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,890 shares of company stock worth $9,273,255. Company insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in WH. Charles Schwab Investment Management Inc. increased its holdings in Wyndham Hotels & Resorts by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 722,082 shares of the company’s stock worth $56,423,000 after purchasing an additional 7,241 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Wyndham Hotels & Resorts by 87.2% during the third quarter. Intech Investment Management LLC now owns 5,901 shares of the company’s stock worth $461,000 after buying an additional 2,749 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 76.9% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after buying an additional 203 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Wyndham Hotels & Resorts by 40.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after buying an additional 506,593 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Wyndham Hotels & Resorts by 221.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 148,250 shares of the company’s stock valued at $11,584,000 after acquiring an additional 102,115 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

About Wyndham Hotels & Resorts

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.