JPMorgan Chase & Co. Initiates Coverage on Wyndham Hotels & Resorts (NYSE:WH)

JPMorgan Chase & Co. started coverage on shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $101.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. Stifel Nicolaus cut their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group decreased their target price on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Barclays lowered their target price on shares of 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. Finally, Morgan Stanley decreased their target price on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $107.48.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock traded up $1.28 during midday trading on Monday, hitting $80.78. 919,562 shares of the company's stock were exchanged, compared to its average volume of 859,272. The stock has a 50-day moving average price of $83.52 and a two-hundred day moving average price of $93.53. Wyndham Hotels & Resorts has a 52-week low of $70.08 and a 52-week high of $113.07. The company has a debt-to-equity ratio of 4.29, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $6.22 billion, a P/E ratio of 19.14, a PEG ratio of 1.62 and a beta of 0.99.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $316.00 million during the quarter, compared to analysts' expectations of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 57.49% and a net margin of 23.52%. The business's revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. On average, equities research analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.86%.

Insider Activity at Wyndham Hotels & Resorts

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 467,394 shares of the company's stock, valued at $40,088,383.38. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Institutional investors have recently bought and sold shares of the business. Bank Pictet & Cie Europe AG acquired a new position in shares of Wyndham Hotels & Resorts during the fourth quarter worth approximately $201,000. Sanctuary Advisors LLC lifted its position in shares of Wyndham Hotels & Resorts by 9.5% in the fourth quarter. Sanctuary Advisors LLC now owns 3,739 shares of the company's stock worth $390,000 after purchasing an additional 325 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth approximately $248,000. Wolverine Asset Management LLC lifted its stake in Wyndham Hotels & Resorts by 187.2% in the 4th quarter. Wolverine Asset Management LLC now owns 1,444 shares of the company's stock valued at $146,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Wyndham Hotels & Resorts by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company's stock valued at $85,870,000 after purchasing an additional 8,129 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

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.