Wyndham Hotels & Resorts (NYSE:WH) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) in a note issued to investors on Monday,Benzinga reports. The brokerage set an "overweight" rating and a $101.00 price target on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 27.34% from the stock's previous close.

WH has been the topic of several other reports. Susquehanna boosted their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. 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 report on Monday, April 14th. Robert W. Baird reduced their price objective on Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Truist Financial decreased their target price on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Stifel Nicolaus cut their price target 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus price target of $107.48.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH opened at $79.32 on Monday. The firm has a market capitalization of $6.11 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.61 and a beta of 1.00. The firm's 50-day moving average price is $83.75 and its 200-day moving average price is $94.03. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.29. Wyndham Hotels & Resorts has a 1-year low of $70.08 and a 1-year high of $113.07.

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 firm had revenue of $316.00 million for the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a net margin of 23.52% and a return on equity of 57.49%. The business's revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share. Equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of the company's 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 sale, the chief executive officer now owns 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.46% of the company's stock.

Institutional Trading of Wyndham Hotels & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new stake in Wyndham Hotels & Resorts in the 4th quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Wyndham Hotels & Resorts by 508.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after purchasing an additional 234 shares during the period. Elequin Capital LP bought a new position in Wyndham Hotels & Resorts during the 1st quarter valued at approximately $29,000. Geneos Wealth Management Inc. lifted its holdings in Wyndham Hotels & Resorts by 49.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company's stock worth $34,000 after buying an additional 124 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Wyndham Hotels & Resorts by 46.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock worth $35,000 after buying an additional 108 shares during the last quarter. Institutional investors 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.

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