Stock analysts at Bank of America started coverage on shares of Wyndham Hotels & Resorts (NYSE:WH) in a research report issued to clients and investors on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Wyndham Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 3rd. Oppenheimer set a $69.00 price objective on shares of Wyndham Hotels & Resorts and gave the stock a “buy” rating in a report on Thursday, February 14th. Finally, Jefferies Financial Group set a $72.00 price objective on shares of Wyndham Hotels & Resorts and gave the stock a “buy” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Wyndham Hotels & Resorts currently has an average rating of “Buy” and a consensus price target of $68.50.
Wyndham Hotels & Resorts stock opened at $56.13 on Wednesday. Wyndham Hotels & Resorts has a 12-month low of $43.03 and a 12-month high of $63.95. The stock has a market cap of $5.48 billion and a price-to-earnings ratio of 20.71. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.17 and a current ratio of 1.17.
Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.06. Wyndham Hotels & Resorts had a net margin of 7.03% and a return on equity of 18.80%. The company had revenue of $468.00 million for the quarter, compared to analysts’ expectations of $448.71 million. During the same period last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 55.0% compared to the same quarter last year. As a group, equities research analysts expect that Wyndham Hotels & Resorts will post 3.18 EPS for the current fiscal year.
In other news, insider Nicola Rossi sold 1,500 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $55.46, for a total transaction of $83,190.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pauline Richards sold 10,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $55.72, for a total transaction of $557,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,975 shares of company stock worth $5,323,927. Insiders own 1.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of WH. Oregon Public Employees Retirement Fund raised its holdings in Wyndham Hotels & Resorts by 4,437.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,794,202 shares of the company’s stock valued at $40,000 after buying an additional 1,754,656 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $73,628,000. Norges Bank acquired a new stake in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $59,189,000. Millennium Management LLC grew its position in Wyndham Hotels & Resorts by 400.6% in the fourth quarter. Millennium Management LLC now owns 1,414,188 shares of the company’s stock valued at $64,162,000 after acquiring an additional 1,131,716 shares in the last quarter. Finally, Lakewood Capital Management LP grew its position in Wyndham Hotels & Resorts by 3,403.3% in the fourth quarter. Lakewood Capital Management LP now owns 1,051,000 shares of the company’s stock valued at $47,684,000 after acquiring an additional 1,021,000 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.
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.
Read More: Outperform Rating
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