Wyndham Hotels & Resorts (NYSE:WH) Price Target Increased to $88.00 by Analysts at Barclays

Wyndham Hotels & Resorts (NYSE:WH) had its price target lifted by Barclays from $87.00 to $88.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages also recently weighed in on WH. Robert W. Baird increased their target price on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an outperform rating in a research note on Friday. StockNews.com began coverage on Wyndham Hotels & Resorts in a research report on Friday, April 19th. They issued a hold rating for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $88.17.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $73.79 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.11 and a quick ratio of 0.81. Wyndham Hotels & Resorts has a fifty-two week low of $63.69 and a fifty-two week high of $81.73. The stock’s 50-day moving average is $75.41 and its two-hundred day moving average is $76.81. The firm has a market cap of $5.98 billion, a P/E ratio of 26.17, a PEG ratio of 3.06 and a beta of 1.35.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. During the same quarter in the prior year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts predict that Wyndham Hotels & Resorts will post 4.23 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently announced 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. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 53.90%.

Insider Buying and Selling

In related news, CAO Nicola Rossi sold 3,200 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 11,404 shares in the company, valued at approximately $900,916. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Equitable Trust Co. increased its holdings in Wyndham Hotels & Resorts by 16.9% during the 1st quarter. Equitable Trust Co. now owns 8,986 shares of the company’s stock valued at $690,000 after purchasing an additional 1,300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Wyndham Hotels & Resorts by 80.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,498 shares of the company’s stock valued at $2,494,000 after purchasing an additional 14,457 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Wyndham Hotels & Resorts by 2.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 23,900 shares of the company’s stock valued at $1,834,000 after purchasing an additional 600 shares in the last quarter. PFG Investments LLC acquired a new stake in Wyndham Hotels & Resorts during the 1st quarter valued at $270,000. Finally, Raymond James & Associates increased its holdings in Wyndham Hotels & Resorts by 17.9% during the 1st quarter. Raymond James & Associates now owns 67,437 shares of the company’s stock valued at $5,176,000 after purchasing an additional 10,224 shares in the last quarter. 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.