Wyndham Hotels & Resorts (NYSE:WH) Stock Has Average Target Price of $94.67

Shares of Wyndham Hotels & Resorts (NYSE:WH) have received an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $94.67.

WH has been the subject of several recent analyst reports. Mizuho set a $95.00 price objective on Wyndham Hotels & Resorts in a report on Friday, October 23rd. Susquehanna lowered their target price on shares of Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. JPMorgan Chase & Co. dropped their target price on shares of Wyndham Hotels & Resorts from $100.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Truist Financial cut their price target on shares of Wyndham Hotels & Resorts from $107.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $80.00 price target on shares of Wyndham Hotels & Resorts in a research note on Thursday, July 23rd.

Insider Activity

In other news, CEO Geoffrey Ballotti sold 19,414 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $72.71, for a total value of $1,411,591.94. Following the completion of the transaction, the chief executive officer directly owned 549,323 shares in the company, valued at approximately $39,941,275.33. This represents a 3.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.33% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Large investors have recently modified their holdings of the company. Commerce Bank bought a new position in Wyndham Hotels & Resorts in the 2nd quarter worth $3,115,000. Legal & General Group Plc purchased a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth about $8,823,000. Corient Private Wealth LP purchased a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth about $1,689,000. Heartland Advisors Inc. purchased a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth about $4,553,000. Finally, Bank of America Corp DE bought a new stake in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at about $47,811,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $80.62 on Monday. Wyndham Hotels & Resorts has a 12 month low of $66.87 and a 12 month high of $90.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 5.69. The business’s 50 day simple moving average is $72.65 and its 200 day simple moving average is $77.85. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 1.86 and a beta of 0.64.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, October 21st. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.32 by $0.11. Wyndham Hotels & Resorts had a net margin of 13.97% and a return on equity of 77.43%. The company had revenue of $410.00 million during the quarter, compared to the consensus estimate of $408.99 million. During the same period last year, the firm earned $1.46 EPS. Wyndham Hotels & Resorts’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts forecast that Wyndham Hotels & Resorts will post 4.88 EPS for the current year.

Wyndham Hotels & Resorts announced that its Board of Directors has initiated a stock buyback program on Tuesday, September 29th that permits the company to repurchase $400 million in outstanding shares. This buyback authorization permits the company to reacquire up to 7.6% of its shares through open market purchases. Share buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.72 annualized dividend and a yield of 2.1%. Wyndham Hotels & Resorts’s payout ratio is 63.94%.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc is a global hotel franchising company that operates an asset-light lodging business. Rather than owning and managing most of its hotels, the company licenses its brands and provides franchisees with support in areas such as marketing, reservations, technology, training and operational standards.

Its portfolio includes a range of economy, midscale and upscale hotel brands, including Super 8, Days Inn, Ramada, La Quinta, Microtel, Baymont, Wingate, AmericInn, Wyndham, Wyndham Garden, Registry Collection Hotels and ECHO Suites Extended Stay by Wyndham.