Wyndham Hotels & Resorts (NYSE:WH) PT Raised to $88.00 at Morgan Stanley

Wyndham Hotels & Resorts (NYSE:WH) had its price target increased by research analysts at Morgan Stanley from $87.00 to $88.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 24.07% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. HSBC assumed coverage on Wyndham Hotels & Resorts in a report on Monday, October 23rd. They issued a “buy” rating and a $87.00 target price for the company. TheStreet raised Wyndham Hotels & Resorts from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. StockNews.com began coverage on Wyndham Hotels & Resorts in a research report on Thursday. They set a “hold” rating for the company. Stifel Nicolaus dropped their price target on shares of Wyndham Hotels & Resorts from $84.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, October 11th. Finally, Truist Financial lowered their price objective on shares of Wyndham Hotels & Resorts from $96.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, July 20th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Wyndham Hotels & Resorts Price Performance

NYSE:WH opened at $70.93 on Friday. Wyndham Hotels & Resorts has a one year low of $63.69 and a one year high of $81.00. The stock has a market cap of $5.98 billion, a PE ratio of 20.68, a P/E/G ratio of 14.39 and a beta of 1.39. The stock has a 50 day moving average price of $72.52 and a 200 day moving average price of $71.31. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 0.14.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.06. The business had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $395.44 million. Wyndham Hotels & Resorts had a net margin of 20.98% and a return on equity of 36.32%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share. Equities research analysts expect that Wyndham Hotels & Resorts will post 4.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Partners grew its holdings in shares of Wyndham Hotels & Resorts by 15.0% during the first quarter. Boston Partners now owns 3,663,776 shares of the company’s stock worth $248,604,000 after purchasing an additional 477,862 shares during the last quarter. State Street Corp grew its stake in Wyndham Hotels & Resorts by 3.2% in the 1st quarter. State Street Corp now owns 2,554,592 shares of the company’s stock valued at $216,348,000 after purchasing an additional 80,119 shares during the period. FMR LLC grew its stake in shares of Wyndham Hotels & Resorts by 7.1% during the 1st quarter. FMR LLC now owns 2,407,165 shares of the company’s stock worth $163,326,000 after acquiring an additional 159,530 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Wyndham Hotels & Resorts by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,242,143 shares of the company’s stock worth $189,887,000 after acquiring an additional 77,125 shares during the period. Finally, Gates Capital Management Inc. lifted its holdings in Wyndham Hotels & Resorts by 35.9% during the 1st quarter. Gates Capital Management Inc. now owns 2,214,846 shares of the company’s stock worth $150,277,000 after purchasing an additional 585,000 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service hotels.