Wyndham Hotels & Resorts (NYSE:WH) Stock Price Expected to Rise, Truist Financial Analyst Says

Wyndham Hotels & Resorts (NYSE:WH) had its price target increased by research analysts at Truist Financial from $98.00 to $99.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 34.72% from the company’s current price.

WH has been the subject of a number of other reports. Robert W. Baird cut their target price on Wyndham Hotels & Resorts from $93.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Sunday, December 7th. Wells Fargo & Company initiated coverage on Wyndham Hotels & Resorts in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $82.00 price target for the company. Finally, Mizuho set a $97.00 price objective on Wyndham Hotels & Resorts and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.

Wyndham Hotels & Resorts Stock Performance

WH stock traded up $1.05 during trading on Tuesday, hitting $73.49. The company had a trading volume of 41,127 shares, compared to its average volume of 1,281,807. The firm has a market cap of $5.55 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.43. The firm has a 50-day moving average price of $76.37 and a 200-day moving average price of $79.69. Wyndham Hotels & Resorts has a 1-year low of $69.21 and a 1-year high of $113.07.

Insider Buying and Selling

In related news, insider Scott R. Strickland sold 28,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $71.11, for a total value of $2,000,608.74. Following the sale, the insider directly owned 40,363 shares in the company, valued at $2,870,212.93. This trade represents a 41.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Geoffrey A. Ballotti sold 55,124 shares of Wyndham Hotels & Resorts stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $79.27, for a total transaction of $4,369,679.48. Following the sale, the chief executive officer owned 490,028 shares in the company, valued at approximately $38,844,519.56. This represents a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 120,606 shares of company stock valued at $9,047,218 in the last quarter. Company insiders own 2.46% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in WH. Compass Wealth Management LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter worth about $18,137,000. Savoir Faire Capital Management L.P. lifted its holdings in shares of Wyndham Hotels & Resorts by 89.9% in the third quarter. Savoir Faire Capital Management L.P. now owns 69,885 shares of the company’s stock valued at $5,584,000 after purchasing an additional 33,081 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Wyndham Hotels & Resorts by 9.3% during the third quarter. Thrivent Financial for Lutherans now owns 1,657,402 shares of the company’s stock worth $132,427,000 after buying an additional 140,978 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Wyndham Hotels & Resorts by 11.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 187,871 shares of the company’s stock valued at $15,011,000 after buying an additional 19,762 shares during the last quarter. Finally, Modera Wealth Management LLC purchased a new position in Wyndham Hotels & Resorts during the 2nd quarter worth $347,000. 93.46% of the stock is owned by institutional investors and hedge funds.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.