Wyndham Hotels & Resorts (NYSE:WH) Given New $120.00 Price Target at Jefferies Financial Group

Wyndham Hotels & Resorts (NYSE:WH) had its price target lifted by equities researchers at Jefferies Financial Group from $107.00 to $120.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 17.99% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on WH. Robert W. Baird lifted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Barclays lifted their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Truist Financial boosted their price target on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.00.

Wyndham Hotels & Resorts Stock Performance

WH traded up $0.91 during trading on Thursday, reaching $101.70. 132,919 shares of the company’s stock were exchanged, compared to its average volume of 747,954. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. Wyndham Hotels & Resorts has a 1 year low of $67.67 and a 1 year high of $105.16. The company’s fifty day simple moving average is $97.50 and its 200-day simple moving average is $83.81. The stock has a market capitalization of $7.91 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The company had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. During the same period last year, the business earned $1.31 earnings per share. Wyndham Hotels & Resorts’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, research analysts predict that Wyndham Hotels & Resorts will post 4.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the completion of the sale, the director now directly owns 366,371 shares in the company, valued at $33,343,424.71. This represents a 17.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the sale, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. The trade was a 59.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,850 shares of company stock worth $8,881,849 in the last three months. 2.79% of the stock is owned by insiders.

Institutional Trading of Wyndham Hotels & Resorts

A number of large investors have recently bought and sold shares of WH. Natixis Advisors LLC boosted its holdings in shares of Wyndham Hotels & Resorts by 148.0% in the 2nd quarter. Natixis Advisors LLC now owns 25,074 shares of the company’s stock worth $1,855,000 after purchasing an additional 14,964 shares in the last quarter. TD Asset Management Inc increased its stake in Wyndham Hotels & Resorts by 16.8% in the 2nd quarter. TD Asset Management Inc now owns 33,368 shares of the company’s stock worth $2,469,000 after purchasing an additional 4,800 shares during the period. PFG Investments LLC lifted its position in Wyndham Hotels & Resorts by 4.4% in the second quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock valued at $271,000 after purchasing an additional 155 shares during the last quarter. AGF Management Ltd. grew its holdings in Wyndham Hotels & Resorts by 12.1% in the 2nd quarter. AGF Management Ltd. now owns 33,270 shares of the company’s stock worth $2,462,000 after acquiring an additional 3,583 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Wyndham Hotels & Resorts by 7.0% during the 2nd quarter. American Century Companies Inc. now owns 15,495 shares of the company’s stock valued at $1,147,000 after purchasing an additional 1,010 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

About Wyndham Hotels & Resorts

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.