Morgan Stanley Lowers Wyndham Hotels & Resorts (NYSE:WH) Price Target to $94.00

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) had its target price cut by equities researchers at Morgan Stanley from $102.00 to $94.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 10.32% from the company's current price.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company boosted their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Robert W. Baird increased their price target on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Barclays raised their price target on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Redburn Atlantic upgraded shares of Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price objective on the stock in a research report on Monday, March 24th. Finally, The Goldman Sachs Group lowered their target price on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $111.33.

Wyndham Hotels & Resorts Price Performance

Shares of WH traded up $0.30 during mid-day trading on Tuesday, hitting $85.21. 565,744 shares of the stock were exchanged, compared to its average volume of 827,028. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $6.60 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $113.07. The firm has a 50-day moving average of $91.93 and a two-hundred day moving average of $96.14.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. On average, equities analysts predict that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

A number of institutional investors have recently modified their holdings of the stock. Boston Partners grew its stake in Wyndham Hotels & Resorts by 5.3% in the fourth quarter. Boston Partners now owns 3,853,527 shares of the company's stock worth $388,462,000 after purchasing an additional 192,221 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of Wyndham Hotels & Resorts by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company's stock worth $231,947,000 after buying an additional 37,832 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Wyndham Hotels & Resorts by 3.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,810,301 shares of the company's stock worth $182,460,000 after buying an additional 63,006 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Wyndham Hotels & Resorts by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company's stock valued at $143,038,000 after buying an additional 81,730 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 1.7% in the first quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company's stock valued at $122,786,000 after acquiring an additional 22,990 shares in the last quarter. 93.46% of the stock is 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.