Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a $114.00 price objective on the stock, up from their previous price objective of $103.00. Wells Fargo & Company‘s price target would suggest a potential upside of 15.15% from the company’s current price.
A number of other research firms have also recently weighed in on WH. Robert W. Baird upped their price target on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Barclays upped their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, December 13th. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Jefferies Financial Group increased their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Oppenheimer upped their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.10.
Read Our Latest Stock Analysis on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts Stock Performance
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The business had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 EPS. On average, equities analysts forecast that Wyndham Hotels & Resorts will post 4.29 EPS for the current year.
Insider Buying and Selling
In related news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the transaction, the director now directly owns 366,371 shares of the company’s stock, valued at approximately $33,343,424.71. This trade represents a 17.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michele Allen sold 15,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 10,056 shares in the company, valued at approximately $904,939.44. This trade represents a 59.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,850 shares of company stock worth $8,881,849. 2.79% of the stock is owned by company insiders.
Institutional Investors Weigh In On Wyndham Hotels & Resorts
Large investors have recently made changes to their positions in the business. Assetmark Inc. acquired a new position in Wyndham Hotels & Resorts during the 3rd quarter worth approximately $30,000. Nomura Asset Management Co. Ltd. grew its position in Wyndham Hotels & Resorts by 86.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after acquiring an additional 190 shares in the last quarter. First Horizon Advisors Inc. raised its stake 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 valued at $36,000 after purchasing an additional 203 shares during the period. Concord Wealth Partners lifted its position in shares of Wyndham Hotels & Resorts by 115.5% during the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after purchasing an additional 291 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Wyndham Hotels & Resorts in the third quarter valued at $49,000. Institutional investors and hedge funds own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.
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