Truist Financial Issues Positive Forecast for Wyndham Hotels & Resorts (NYSE:WH) Stock Price

Key Points

• Truist Financial raised its price target for Wyndham Hotels & Resorts from $100 to $101, indicating a potential upside of 11.85% from the current price.
• Wyndham Hotels & Resorts reported a quarterly EPS of $1.33, exceeding analysts' expectations of $1.16, with revenue of $397 million, up 8.2% year-over-year.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with 11 buy ratings and 2 hold ratings.
• CEO Geoffrey A. Ballotti sold 26,724 shares for over $2.29 million, reducing his ownership in the company by 5.41%.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) had its target price upped by equities research analysts at Truist Financial from $100.00 to $101.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price objective would suggest a potential upside of 9.63% from the company's current price.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. initiated coverage on Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They set an "overweight" rating and a $101.00 price target for the company. Robert W. Baird increased their price target on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research note on Friday. Barclays decreased their price target on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on 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, Jefferies Financial Group decreased their price target 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. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $106.98.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH traded up $3.31 during midday trading on Friday, reaching $92.13. 1,462,540 shares of the company traded hands, compared to its average volume of 1,398,793. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. The company has a fifty day moving average price of $84.19 and a 200 day moving average price of $91.34. The company has a debt-to-equity ratio of 4.29, a current ratio of 0.12 and a quick ratio of 0.96. Wyndham Hotels & Resorts has a twelve month low of $72.14 and a twelve month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued 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. The firm had revenue of $397.00 million during the quarter, compared to the consensus estimate of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS. On average, analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $85.77, for a total value of $2,292,117.48. Following the completion of the transaction, the chief executive officer owned 467,394 shares in the company, 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 can be accessed through the SEC website. 2.46% of the stock is owned by corporate insiders.

Institutional Trading of Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank Pictet & Cie Europe AG acquired a new position in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $201,000. Proficio Capital Partners LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $28,000. HighTower Advisors LLC grew its stake in shares of Wyndham Hotels & Resorts by 4.2% during the fourth quarter. HighTower Advisors LLC now owns 9,059 shares of the company's stock worth $913,000 after purchasing an additional 367 shares during the period. American Century Companies Inc. grew its stake in shares of 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 period. Finally, Sei Investments Co. grew its stake in shares of 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 during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.