Wyndham Hotels & Resorts (NYSE:WH) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Wyndham Hotels & Resorts (NYSE:WH) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $94.67.

A number of brokerages recently issued reports on WH. Truist Financial decreased their target price on shares of Wyndham Hotels & Resorts from $107.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Robert W. Baird lowered their target price on shares of Wyndham Hotels & Resorts from $96.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, October 23rd. Barclays dropped their price target on shares of Wyndham Hotels & Resorts from $102.00 to $101.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Mizuho set a $95.00 price target on shares of Wyndham Hotels & Resorts in a research note on Friday, October 23rd. Finally, Susquehanna reduced their price target on shares of Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th.

Insider Activity at Wyndham Hotels & Resorts

In other news, CEO Geoffrey Ballotti sold 19,295 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $73.69, for a total value of $1,421,848.55. Following the sale, the chief executive officer owned 550,457 shares of the company’s stock, valued at approximately $40,563,176.33. The trade was a 3.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at $623,573,000. Findlay Park Partners LLP acquired a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth about $100,648,000. Bank of New York Mellon Corp acquired a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth about $56,860,000. Bank of America Corp DE acquired a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth about $47,811,000. Finally, Jupiter Topco LLC acquired a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth about $37,657,000. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Up 0.0%

Shares of Wyndham Hotels & Resorts stock opened at $77.37 on Monday. The company has a debt-to-equity ratio of 5.69, a current ratio of 1.01 and a quick ratio of 1.01. Wyndham Hotels & Resorts has a 1-year low of $66.87 and a 1-year high of $90.35. The business’s fifty day moving average price is $72.68 and its two-hundred day moving average price is $77.83. The company has a market capitalization of $5.64 billion, a P/E ratio of 28.76, a PEG ratio of 1.83 and a beta of 0.64.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, October 21st. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. The company had revenue of $410.00 million during the quarter, compared to analysts’ expectations of $408.99 million. Wyndham Hotels & Resorts had a return on equity of 77.43% and a net margin of 13.97%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 earnings per share. As a group, research analysts forecast that Wyndham Hotels & Resorts will post 4.88 EPS for the current year.

Wyndham Hotels & Resorts declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, September 29th that permits the company to buy back $400 million in shares. This buyback authorization permits the company to buy up to 7.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.43 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.72 annualized dividend and a dividend yield of 2.2%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 63.94%.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts is a hospitality company focused primarily on franchising hotels. It provides franchisees with access to hotel brands, reservation and loyalty platforms, and operational support, while serving travelers through properties across a range of price points and lodging styles.

Its portfolio includes brands such as Wyndham, Ramada, Days Inn, Super 8, La Quinta, Microtel, Wingate, Trademark Collection and Registry Collection. The company’s hotels serve guests in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East.

Wyndham Hotels & Resorts became an independent public company in 2018 through a spin-off from Wyndham Worldwide.