Wyndham Hotels & Resorts (NYSE:WH) Price Target Raised to $99.00 at Robert W. Baird

Key Points

• Robert W. Baird has increased its price target for Wyndham Hotels & Resorts from $98.00 to $99.00, indicating a potential upside of 11.50% from the current stock price.
• Wyndham Hotels & Resorts reported earnings of $1.33 per share, surpassing analyst expectations of $1.16 by $0.17, with quarterly revenue also exceeding estimates.
• Currently, Wyndham Hotels & Resorts has a consensus rating of Moderate Buy, with an average price target of $108.40 among various analysts.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) had its target price upped by research analysts at Robert W. Baird from $98.00 to $99.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price target would suggest a potential upside of 7.46% from the stock's previous close.

A number of other equities research analysts also recently commented on WH. Morgan Stanley restated an "overweight" rating and issued a $105.00 target price on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Jefferies Financial Group dropped their price objective on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Stifel Nicolaus lowered their target price on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a report on Thursday, May 1st. The Goldman Sachs Group lowered their price objective on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.98.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH traded up $3.31 during midday trading on Friday, hitting $92.13. The company's stock had a trading volume of 1,462,540 shares, compared to its average volume of 1,398,793. Wyndham Hotels & Resorts has a 12-month low of $72.14 and a 12-month high of $113.07. The company has a market cap of $7.09 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. The company has a debt-to-equity ratio of 4.29, a quick ratio of 0.96 and a current ratio of 0.12. The business's 50 day simple moving average is $84.19 and its 200 day simple moving average is $91.34.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. The firm had revenue of $397.00 million for the quarter, compared to the consensus estimate of $384.69 million. During the same quarter last year, the business posted $1.13 earnings per share. The firm's revenue was up 8.2% compared to the same quarter last year. On average, analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the completion of the transaction, the chief executive officer directly owned 467,394 shares of the company's stock, valued at approximately $40,088,383.38. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Several institutional investors have recently made changes to their positions in the stock. Bank Pictet & Cie Europe AG acquired a new position in Wyndham Hotels & Resorts during the fourth quarter worth about $201,000. Proficio Capital Partners LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter worth approximately $28,000. HighTower Advisors LLC increased its stake in Wyndham Hotels & Resorts by 4.2% in the 4th quarter. HighTower Advisors LLC now owns 9,059 shares of the company's stock valued at $913,000 after purchasing an additional 367 shares in the last quarter. American Century Companies Inc. raised its holdings in Wyndham Hotels & Resorts by 3.3% during the fourth quarter. American Century Companies Inc. now owns 16,541 shares of the company's stock worth $1,667,000 after purchasing an additional 523 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Wyndham Hotels & Resorts by 13.3% during the fourth quarter. Sei Investments Co. now owns 47,845 shares of the company's stock worth $4,823,000 after purchasing an additional 5,618 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 engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.