Barclays Trims Wyndham Hotels & Resorts (NYSE:WH) Target Price to $87.00

Wyndham Hotels & Resorts (NYSE:WH) had its price target dropped by equities research analysts at Barclays from $90.00 to $87.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 24.43% from the company’s previous close.

A number of other brokerages also recently weighed in on WH. StockNews.com initiated coverage on Wyndham Hotels & Resorts in a research note on Friday. They issued a “hold” rating on the stock. Robert W. Baird lowered their price target on shares of Wyndham Hotels & Resorts from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Friday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Wyndham Hotels & Resorts Price Performance

WH stock opened at $69.92 on Friday. The company has a market capitalization of $5.66 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 3.16 and a beta of 1.35. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.81. Wyndham Hotels & Resorts has a 52-week low of $63.69 and a 52-week high of $81.73. The business has a 50-day simple moving average of $76.06 and a two-hundred day simple moving average of $76.60.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Wyndham Hotels & Resorts had a return on equity of 39.91% and a net margin of 20.74%. The business had revenue of $321.00 million during the quarter, compared to the consensus estimate of $321.35 million. During the same quarter in the previous year, the business earned $0.72 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Research analysts expect that Wyndham Hotels & Resorts will post 4.22 EPS for the current fiscal year.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the sale, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at approximately $900,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. State of Michigan Retirement System grew its position in shares of Wyndham Hotels & Resorts by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 20,353 shares of the company’s stock valued at $1,562,000 after purchasing an additional 400 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Wyndham Hotels & Resorts by 17.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 104,609 shares of the company’s stock valued at $8,029,000 after purchasing an additional 15,599 shares in the last quarter. Benson Investment Management Company Inc. grew its position in shares of Wyndham Hotels & Resorts by 0.7% during the 1st quarter. Benson Investment Management Company Inc. now owns 57,684 shares of the company’s stock valued at $4,427,000 after purchasing an additional 414 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Wyndham Hotels & Resorts during the 4th quarter valued at $150,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Wyndham Hotels & Resorts during the 4th quarter valued at $329,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Company Profile

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.