Wyndham Hotels & Resorts (NYSE:WH) Given New $108.00 Price Target at The Goldman Sachs Group

Wyndham Hotels & Resorts (NYSE:WH) had its price objective cut by The Goldman Sachs Group from $124.00 to $108.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also weighed in on the company. Jefferies Financial Group cut their target price on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus increased their target price on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Morgan Stanley boosted their target price on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Redburn Atlantic raised Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Monday, March 24th. Finally, Susquehanna boosted their price objective on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $114.67.

Wyndham Hotels & Resorts Trading Down 0.2 %

Shares of WH opened at $84.25 on Monday. The stock has a fifty day moving average price of $96.66 and a two-hundred day moving average price of $96.01. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.87 and a beta of 1.11. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. Analysts predict that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 1.95%. Wyndham Hotels & Resorts’s payout ratio is 45.18%.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Hedge funds have recently modified their holdings of the stock. Trust Co. of Vermont grew its stake in Wyndham Hotels & Resorts by 434.8% in the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Wyndham Hotels & Resorts in the fourth quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Wyndham Hotels & Resorts by 508.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company’s stock worth $28,000 after buying an additional 234 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Wyndham Hotels & Resorts by 86.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after acquiring an additional 190 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Wyndham Hotels & Resorts by 46.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock valued at $35,000 after acquiring an additional 108 shares during the last quarter. Institutional investors 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 Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.