Truist Financial Raises Wyndham Hotels & Resorts (NYSE:WH) Price Target to $99.00

Wyndham Hotels & Resorts (NYSE:WH) had its price target boosted by research analysts at Truist Financial from $98.00 to $99.00 in a research note issued on Tuesday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 31.56% from the stock’s previous close.

Several other analysts have also commented on the company. Barclays dropped their target price on Wyndham Hotels & Resorts from $94.00 to $93.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $76.00 price objective (down previously from $88.00) on shares of Wyndham Hotels & Resorts in a research report on Monday, December 15th. Zacks Research raised shares of Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Susquehanna decreased their target price on shares of Wyndham Hotels & Resorts from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Finally, Morgan Stanley lowered their price target on shares of Wyndham Hotels & Resorts from $91.00 to $89.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.83.

Wyndham Hotels & Resorts Trading Up 4.2%

Shares of Wyndham Hotels & Resorts stock opened at $75.25 on Tuesday. The stock has a market cap of $5.69 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76. The firm has a fifty day moving average price of $76.36 and a 200 day moving average price of $79.56. Wyndham Hotels & Resorts has a 1 year low of $69.21 and a 1 year high of $113.07. The company has a debt-to-equity ratio of 4.43, a current ratio of 1.16 and a quick ratio of 1.16.

Insider Transactions at Wyndham Hotels & Resorts

In related news, insider Scott R. Strickland sold 28,134 shares of Wyndham Hotels & Resorts stock in a transaction dated 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 in the company, valued at approximately $2,870,212.93. The trade was a 41.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Paul F. Cash sold 36,379 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $71.66, for a total value of $2,606,919.14. Following the transaction, the general counsel directly owned 39,123 shares of the company’s stock, valued at $2,803,554.18. The trade was a 48.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 120,606 shares of company stock valued at $9,047,218 over the last 90 days. Corporate insiders own 2.46% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

Large investors have recently made changes to their positions in the company. Boston Partners lifted its holdings in Wyndham Hotels & Resorts by 9.1% in the 2nd quarter. Boston Partners now owns 3,130,373 shares of the company’s stock valued at $254,449,000 after purchasing an additional 261,530 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Wyndham Hotels & Resorts by 4.1% in the second quarter. Burgundy Asset Management Ltd. now owns 2,465,968 shares of the company’s stock worth $200,261,000 after buying an additional 96,507 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in shares of Wyndham Hotels & Resorts by 352.8% in the third quarter. Champlain Investment Partners LLC now owns 2,212,717 shares of the company’s stock worth $176,796,000 after buying an additional 1,724,091 shares in the last quarter. Capital International Investors boosted its position in Wyndham Hotels & Resorts by 77.1% during the third quarter. Capital International Investors now owns 1,755,465 shares of the company’s stock worth $140,262,000 after acquiring an additional 764,312 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Wyndham Hotels & Resorts by 9.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,657,402 shares of the company’s stock valued at $132,427,000 after acquiring an additional 140,978 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

About Wyndham Hotels & Resorts

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.