Wyndham Hotels & Resorts (NYSE:WH) Stock Breaks Above Two Hundred Day Moving Average – What’s Next?

Wyndham Hotels & Resorts (NYSE:WH)’s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $77.85 and traded as high as $79.51. Wyndham Hotels & Resorts shares last traded at $78.4850, with a volume of 1,471,443 shares traded.

Analysts Set New Price Targets

Several analysts have weighed in on WH shares. Stifel Nicolaus raised their price target on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Weiss Ratings lowered Wyndham Hotels & Resorts from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Wells Fargo & Company boosted their price target on shares of Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Robert W. Baird reduced their price objective on shares of Wyndham Hotels & Resorts from $96.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, October 23rd. Finally, Truist Financial lowered their target price on Wyndham Hotels & Resorts from $107.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.67.

Wyndham Hotels & Resorts Trading Up 1.9%

The company has a debt-to-equity ratio of 5.69, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50 day moving average price is $72.65 and its two-hundred day moving average price is $77.85. The stock has a market capitalization of $5.88 billion, a PE ratio of 29.97, a P/E/G ratio of 1.86 and a beta of 0.64.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.11. Wyndham Hotels & Resorts had a return on equity of 77.43% and a net margin of 13.97%. The business had revenue of $410.00 million for the quarter, compared to analysts’ expectations of $408.99 million. During the same period last year, the firm earned $1.46 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, analysts expect that Wyndham Hotels & Resorts will post 4.88 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a dividend of $0.43 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.72 annualized dividend and a yield of 2.1%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 63.94%.

Wyndham Hotels & Resorts announced that its board has initiated a share repurchase plan on Tuesday, September 29th that authorizes the company to buy back $400 million in shares. This repurchase authorization authorizes the company to repurchase up to 7.6% of its shares through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CEO Geoffrey Ballotti sold 19,414 shares of Wyndham Hotels & Resorts stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $72.71, for a total transaction of $1,411,591.94. Following the transaction, the chief executive officer owned 549,323 shares of the company’s stock, valued at $39,941,275.33. The trade was a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.33% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of institutional investors have recently modified their holdings of WH. Continuum Advisory LLC acquired a new stake in Wyndham Hotels & Resorts in the second quarter valued at approximately $36,000. Provenance Wealth Advisors LLC purchased a new position in Wyndham Hotels & Resorts during the 3rd quarter valued at about $33,000. J.Safra Asset Management Corp bought a new position in shares of Wyndham Hotels & Resorts in the second quarter worth approximately $43,000. Covestor Ltd increased its stake in shares of Wyndham Hotels & Resorts by 55.4% in the third quarter. Covestor Ltd now owns 586 shares of the company’s stock worth $42,000 after purchasing an additional 209 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter worth $52,000. 93.46% of the stock is owned by institutional investors.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc is a global hotel franchising company that operates an asset-light lodging business. Rather than owning and managing most of its hotels, the company licenses its brands and provides franchisees with support in areas such as marketing, reservations, technology, training and operational standards.

Its portfolio includes a range of economy, midscale and upscale hotel brands, including Super 8, Days Inn, Ramada, La Quinta, Microtel, Baymont, Wingate, AmericInn, Wyndham, Wyndham Garden, Registry Collection Hotels and ECHO Suites Extended Stay by Wyndham.