Wyndham Hotels & Resorts (NYSE:WH) Reaches New 12-Month High After Analyst Upgrade

Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) reached a new 52-week high on Tuesday after Robert W. Baird raised their price target on the stock from $108.00 to $115.00. Robert W. Baird currently has an outperform rating on the stock. Wyndham Hotels & Resorts traded as high as $110.94 and last traded at $109.23, with a volume of 1245158 shares changing hands. The stock had previously closed at $107.32.

A number of other analysts have also recently weighed in on the company. Truist Financial upped their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays upped their target price on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Oppenheimer lifted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lifted their target price on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $112.10.

Institutional Trading of Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of WH. Bessemer Group Inc. raised its holdings in Wyndham Hotels & Resorts by 24,953.8% during the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock worth $134,414,000 after purchasing an additional 1,328,292 shares during the last quarter. Norges Bank acquired a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter worth approximately $104,774,000. JPMorgan Chase & Co. raised its stake in shares of Wyndham Hotels & Resorts by 404.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company’s stock worth $122,261,000 after buying an additional 972,708 shares during the last quarter. Freestone Grove Partners LP acquired a new position in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $54,738,000. Finally, Thrivent Financial for Lutherans boosted its stake in Wyndham Hotels & Resorts by 40.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after acquiring an additional 506,593 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Trading Up 2.0 %

The business’s 50 day simple moving average is $103.66 and its 200-day simple moving average is $91.20. The stock has a market capitalization of $8.67 billion, a P/E ratio of 35.39, a PEG ratio of 2.14 and a beta of 1.29. 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 (NYSE:WH) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. As a group, analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.