Stifel Nicolaus set a $65.00 target price on Wyndham Hotels & Resorts (NYSE:WH) in a report published on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the stock.
Several other research analysts have also commented on WH. Zacks Investment Research lowered Wyndham Hotels & Resorts from a buy rating to a hold rating in a research report on Thursday. Bank of America initiated coverage on Wyndham Hotels & Resorts in a research note on Wednesday, June 12th. They set a buy rating and a $62.00 target price on the stock. Finally, Barclays initiated coverage on Wyndham Hotels & Resorts in a research note on Tuesday, July 2nd. They set an overweight rating and a $72.00 target price on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $68.14.
Shares of WH traded up $0.74 during trading hours on Friday, hitting $50.68. The company had a trading volume of 1,254,462 shares, compared to its average volume of 1,000,972. The company has a market capitalization of $4.77 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.29 and a beta of 1.03. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.62. Wyndham Hotels & Resorts has a one year low of $43.03 and a one year high of $61.49. The company’s fifty day moving average price is $57.26 and its two-hundred day moving average price is $54.42.
Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The firm had revenue of $533.00 million during the quarter, compared to analyst estimates of $532.61 million. Wyndham Hotels & Resorts had a return on equity of 19.91% and a net margin of 6.94%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. Analysts forecast that Wyndham Hotels & Resorts will post 3.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.16 annualized dividend and a yield of 2.29%. Wyndham Hotels & Resorts’s payout ratio is presently 42.80%.
In other news, Director Ronald L. Nelson purchased 10,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average price of $49.95 per share, for a total transaction of $499,500.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David B. Wyshner purchased 2,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $50.37 per share, for a total transaction of $100,740.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 22,000 shares of company stock worth $1,102,840. Company insiders own 1.90% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Tech Square Trading LP acquired a new position in shares of Wyndham Hotels & Resorts in the 1st quarter valued at about $222,000. Penn Capital Management Co. Inc. raised its holdings in Wyndham Hotels & Resorts by 168.2% in the 1st quarter. Penn Capital Management Co. Inc. now owns 17,843 shares of the company’s stock worth $892,000 after purchasing an additional 11,190 shares during the period. Janus Henderson Group PLC raised its holdings in Wyndham Hotels & Resorts by 42.9% in the 1st quarter. Janus Henderson Group PLC now owns 17,031 shares of the company’s stock worth $852,000 after purchasing an additional 5,111 shares during the period. Water Island Capital LLC raised its holdings in Wyndham Hotels & Resorts by 83.8% in the 1st quarter. Water Island Capital LLC now owns 76,150 shares of the company’s stock worth $3,807,000 after purchasing an additional 34,720 shares during the period. Finally, Cerebellum GP LLC acquired a new position in Wyndham Hotels & Resorts in the 2nd quarter worth about $341,000. 87.62% of the stock is owned by institutional investors and hedge funds.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.
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