JPMorgan Chase & Co. Issues Pessimistic Forecast for Wyndham Hotels & Resorts (NYSE:WH) Stock Price

Wyndham Hotels & Resorts (NYSE:WH) had its target price decreased by research analysts at JPMorgan Chase & Co. from $95.00 to $91.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 20.93% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Wall Street Zen raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Sunday, December 7th. Robert W. Baird decreased their price objective on shares of Wyndham Hotels & Resorts from $93.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Mizuho set a $97.00 target price on Wyndham Hotels & Resorts and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Truist Financial boosted their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company initiated coverage on Wyndham Hotels & Resorts in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $82.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and an average target price of $92.83.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock opened at $75.25 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.43. Wyndham Hotels & Resorts has a 52 week low of $69.21 and a 52 week high of $113.07. The firm’s 50 day moving average is $76.36 and its two-hundred day moving average is $79.56. The firm has a market capitalization of $5.69 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.90 and a beta of 0.76.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 55,124 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $79.27, for a total transaction of $4,369,679.48. Following the completion of the sale, the chief executive officer directly owned 490,028 shares of the company’s stock, valued at $38,844,519.56. This represents a 10.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott R. Strickland sold 28,134 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $71.11, for a total value of $2,000,608.74. Following the sale, the insider directly owned 40,363 shares of the company’s stock, valued at $2,870,212.93. The trade was a 41.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 120,606 shares of company stock worth $9,047,218 in the last quarter. Company insiders own 2.46% of the company’s stock.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its position in Wyndham Hotels & Resorts by 1.4% in the second quarter. Sequoia Financial Advisors LLC now owns 8,283 shares of the company’s stock worth $673,000 after buying an additional 118 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Wyndham Hotels & Resorts by 49.2% during the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares during the last quarter. Claret Asset Management Corp increased its holdings in shares of Wyndham Hotels & Resorts by 4.6% in the 2nd quarter. Claret Asset Management Corp now owns 2,842 shares of the company’s stock worth $231,000 after acquiring an additional 125 shares during the period. Keystone Financial Services increased its holdings in shares of Wyndham Hotels & Resorts by 5.1% in the 2nd quarter. Keystone Financial Services now owns 2,679 shares of the company’s stock worth $218,000 after acquiring an additional 129 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Wyndham Hotels & Resorts by 73.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 133 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.