Wyndham Hotels & Resorts (NYSE:WH) PT Raised to $88.00 at Robert W. Baird

Wyndham Hotels & Resorts (NYSE:WH) had its target price boosted by equities researchers at Robert W. Baird from $86.00 to $88.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 16.70% from the company’s current price.

Other equities research analysts have also issued reports about the company. StockNews.com began coverage on Wyndham Hotels & Resorts in a research report on Friday, April 19th. They set a “hold” rating on the stock. Barclays reduced their price objective on Wyndham Hotels & Resorts from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.29.

Wyndham Hotels & Resorts Trading Up 4.8 %

WH stock opened at $75.41 on Friday. Wyndham Hotels & Resorts has a 1-year low of $63.69 and a 1-year high of $81.73. The firm has a market cap of $6.11 billion, a P/E ratio of 26.74, a P/E/G ratio of 2.99 and a beta of 1.35. The business’s 50 day moving average is $75.59 and its 200-day moving average is $76.67. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.90.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 39.89% and a net margin of 17.19%. Wyndham Hotels & Resorts’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. Equities analysts anticipate that Wyndham Hotels & Resorts will post 4.19 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Nicola Rossi sold 3,200 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value of $252,800.00. Following the transaction, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at approximately $900,916. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.79% of the stock is currently owned by company insiders.

Institutional Trading of Wyndham Hotels & Resorts

Several hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new position in Wyndham Hotels & Resorts during the 4th quarter worth about $2,011,000. Wellington Management Group LLP increased its holdings in Wyndham Hotels & Resorts by 150.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock worth $347,812,000 after purchasing an additional 3,002,259 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in Wyndham Hotels & Resorts by 31.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 77,229 shares of the company’s stock worth $5,371,000 after purchasing an additional 18,511 shares in the last quarter. Brandywine Global Investment Management LLC increased its holdings in Wyndham Hotels & Resorts by 53.3% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 66,851 shares of the company’s stock worth $4,649,000 after purchasing an additional 23,253 shares in the last quarter. Finally, LRT Capital Management LLC increased its holdings in Wyndham Hotels & Resorts by 31.2% during the 3rd quarter. LRT Capital Management LLC now owns 66,605 shares of the company’s stock worth $4,632,000 after purchasing an additional 15,843 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.