Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $116.00 at Wells Fargo & Company

Wyndham Hotels & Resorts (NYSE:WH) had its price target lifted by Wells Fargo & Company from $114.00 to $116.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

WH has been the subject of a number of other research reports. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus raised their target price on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group raised their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Barclays raised their target price on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $110.30.

Wyndham Hotels & Resorts Stock Up 2.0 %

Shares of WH stock opened at $109.47 on Friday. The firm has a fifty day moving average of $103.29 and a 200-day moving average of $90.51. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts has a 12-month low of $67.67 and a 12-month high of $110.94. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 2.14 and a beta of 1.29.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. As a group, equities research analysts predict that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 48.25%.

Institutional Trading of Wyndham Hotels & Resorts

Hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. raised its stake in Wyndham Hotels & Resorts by 24,953.8% in the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock worth $134,414,000 after purchasing an additional 1,328,292 shares in the last quarter. Norges Bank acquired a new stake in Wyndham Hotels & Resorts in the 4th quarter worth about $104,774,000. JPMorgan Chase & Co. raised its stake in Wyndham Hotels & Resorts by 404.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company’s stock worth $122,261,000 after purchasing an additional 972,708 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in Wyndham Hotels & Resorts in the 4th quarter worth about $54,738,000. Finally, Thrivent Financial for Lutherans raised its stake 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 worth $136,533,000 after purchasing an additional 506,593 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 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.