Robert W. Baird Raises Wyndham Hotels & Resorts (NYSE:WH) Price Target to $88.00

Wyndham Hotels & Resorts (NYSE:WH) had its target price upped by Robert W. Baird from $86.00 to $88.00 in a research report released on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on the company. Barclays decreased their price target on Wyndham Hotels & Resorts from $90.00 to $87.00 and set an overweight rating on the stock in a research note on Friday, April 19th. StockNews.com initiated coverage on Wyndham Hotels & Resorts in a research note on Friday, April 19th. They issued a hold rating on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Wyndham Hotels & Resorts currently has an average rating of Moderate Buy and an average target price of $88.17.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $73.79 on Friday. The stock’s fifty day moving average price is $75.41 and its two-hundred day moving average price is $76.81. Wyndham Hotels & Resorts has a one year low of $63.69 and a one year high of $81.73. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.11 and a quick ratio of 0.81. The firm has a market cap of $5.98 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 3.06 and a beta of 1.35.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The company had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. During the same quarter last year, the company posted $0.86 EPS. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, research analysts expect that Wyndham Hotels & Resorts will post 4.23 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.

Insider Buying and Selling

In related news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was 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 in the company, valued at approximately $900,916. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WH. Allworth Financial LP lifted its holdings in Wyndham Hotels & Resorts by 62.6% during the 4th quarter. Allworth Financial LP now owns 395 shares of the company’s stock worth $32,000 after buying an additional 152 shares during the period. Systematic Alpha Investments LLC acquired a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at about $37,000. Chilton Capital Management LLC acquired a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at about $47,000. Covestor Ltd lifted its stake in shares of Wyndham Hotels & Resorts by 68.3% in the 3rd quarter. Covestor Ltd now owns 813 shares of the company’s stock valued at $57,000 after purchasing an additional 330 shares during the period. Finally, TFO Wealth Partners LLC lifted its stake in shares of Wyndham Hotels & Resorts by 41,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after purchasing an additional 822 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

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.