Shares of Wyndham Hotels & Resorts Inc (NYSE:WH) have earned an average recommendation of “Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $69.00.
WH has been the topic of a number of recent research reports. Barclays reissued a “sell” rating on shares of RenaissanceRe in a research report on Tuesday, July 2nd. Bank of America reissued an “underperform” rating and set a $86.00 price target on shares of PTC in a research report on Wednesday, June 12th. Finally, Zacks Investment Research downgraded Inflarx from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd.
In related news, insider Stephen P. Holmes sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $56.16, for a total transaction of $4,212,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nicola Rossi sold 1,500 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $55.46, for a total value of $83,190.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,975 shares of company stock worth $5,215,927. 1.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of WH. First Financial Corp IN purchased a new stake in Wyndham Hotels & Resorts in the first quarter valued at about $30,000. Country Trust Bank raised its stake in Wyndham Hotels & Resorts by 100.0% in the second quarter. Country Trust Bank now owns 800 shares of the company’s stock valued at $42,000 after buying an additional 400 shares during the last quarter. Bremer Bank National Association purchased a new stake in Wyndham Hotels & Resorts in the first quarter valued at about $93,000. Marshall Wace North America L.P. purchased a new stake in Wyndham Hotels & Resorts in the first quarter valued at about $90,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Wyndham Hotels & Resorts by 678.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,366 shares of the company’s stock valued at $119,000 after buying an additional 2,062 shares during the last quarter. 91.23% of the stock is currently owned by institutional investors.
Shares of WH traded down $0.50 during midday trading on Tuesday, reaching $60.72. 790,753 shares of the stock were exchanged, compared to its average volume of 975,209. Wyndham Hotels & Resorts has a 52 week low of $43.03 and a 52 week high of $62.38. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50 day moving average price of $56.45. The company has a market capitalization of $5.91 billion and a P/E ratio of 22.41.
Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. Wyndham Hotels & Resorts had a return on equity of 18.80% and a net margin of 7.03%. The business had revenue of $468.00 million for the quarter, compared to the consensus estimate of $448.71 million. During the same quarter in the prior year, the company earned $0.55 EPS. The business’s revenue was up 55.0% compared to the same quarter last year. Analysts forecast that Wyndham Hotels & Resorts will post 3.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, June 13th. Wyndham Hotels & Resorts’s payout ratio is currently 42.80%.
Wyndham Hotels & Resorts Company Profile
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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