Wyndham Hotels & Resorts, Inc. (NYSE: WH) Based on average “Buy” rating by analysts
Shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH) have achieved a consensus âBuyâ rating from all ten rating companies that cover the company, reports MarketBeat.com. Eight equity research analysts rated the stock with a buy recommendation. The year-over-year average price target among analysts who published a report on the stock in the past year is $ 87.38.
WH has been the subject of several research analyst reports. Zacks Investment Research downgraded Wyndham Hotels & Resorts shares from a âholdâ rating to a âbuyâ rating and set a price target of $ 95.00 on the stock in a research note on Wednesday 3 November. Truist Securities raised its target price for Wyndham Hotels & Resorts stock from $ 83.00 to $ 91.00 and gave the company a “buy” rating in a report released on Friday, October 29. Loop Capital launched a hedge on shares of Wyndham Hotels & Resorts in a report on Tuesday, October 5. They issued a “buy” note and a target price of $ 99.00 on the stock. JPMorgan Chase & Co. raised its target price on Wyndham Hotels & Resorts stock from $ 83.00 to $ 86.00 and rated the company “overweight” in a report released on Monday, October 18. Finally, Truist raised its target price on Wyndham Hotels & Resorts stock from $ 83.00 to $ 91.00 and gave the company a âbuyâ rating in a report released on Friday, October 29.
WH opened at $ 88.31 on Friday. Wyndham Hotels & Resorts has a one-year minimum of $ 55.30 and a one-year maximum of $ 89.48. The company has a debt to equity ratio of 1.84, a current ratio of 1.60, and a quick ratio of 1.60. The company’s 50-day simple moving average is $ 83.38 and its 200-day simple moving average is $ 76.87. The stock has a market cap of $ 8.23 ââbillion, a P / E ratio of 44.16 and a beta of 1.68.
Wyndham Hotels & Resorts (NYSE: WH) last released its quarterly results on Wednesday, October 27. The company reported EPS of $ 1.16 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.91 of $ 0.25. Wyndham Hotels & Resorts had a net margin of 12.81% and return on equity of 23.01%. The company posted revenue of $ 463.00 million for the quarter, compared to analysts’ expectations of $ 462.81 million. During the same period of the previous year, the company achieved earnings per share of $ 0.36. Wyndham Hotels & Resorts revenues increased 37.4% compared to the same quarter last year. As a group, analysts predict that Wyndham Hotels & Resorts will post 2.99 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 29. Shareholders of record on Wednesday, December 15 will receive a dividend of $ 0.32. The ex-dividend date for this dividend is Tuesday, December 14. This is a positive change from the previous quarterly dividend of $ 0.24 from Wyndham Hotels & Resorts. This represents an annualized dividend of $ 1.28 and a return of 1.45%. Wyndham Hotels & Resorts’ dividend payout ratio (DPR) is 64.00%.
Separately, CFO Michele Allen sold 28,089 shares of the company in a trade on Thursday, November 18. The shares were sold at an average price of $ 87.21, for a total trade of $ 2,449,641.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In addition, General Counsel Paul F. Cash sold 1,232 shares of the company in a transaction on Monday, December 6. The stock was sold for an average price of $ 81.24, for a total trade of $ 100,087.68. Disclosure of this sale can be found here. Company insiders own 2.06% of the company’s shares.
A number of institutional investors have recently increased or reduced their holdings in WH. First Trust Advisors LP purchased a new position in Wyndham Hotels & Resorts in the first quarter valued at $ 534,000. The New York State Common Retirement Fund increased its position in Wyndham Hotels & Resorts by 8.6% in the second quarter. The New York State Pooled Retirement Fund now owns 293,790 shares of the company valued at $ 21,238,000 after purchasing an additional 23,190 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Wyndham Hotels & Resorts in the second quarter for a value of $ 2,530,000. WCM Investment Management LLC increased its position in Wyndham Hotels & Resorts by 6.5% in the second quarter. WCM Investment Management LLC now owns 411,562 shares of the company valued at $ 29,752,000 after purchasing an additional 25,147 shares during the last quarter. Finally, Gs Investments Inc. purchased a new position in Wyndham Hotels & Resorts in the second quarter valued at $ 434,000. 93.12% of the shares are held by institutional investors and hedge funds.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc. engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel franchise and hotel management. The Hotel Franchise segment licenses brand names and associated brands to hotel owners under long-term franchise agreements.
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