Barclays Cuts Wyndham Hotels & Resorts (NYSE:WH) Price Target to $100.00

Wyndham Hotels & Resorts (NYSE:WH) had its price target trimmed by Barclays from $121.00 to $100.00 in a report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also issued reports on WH. Truist Financial reduced their target price on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating on the stock in a report on Friday, March 21st. The Goldman Sachs Group reduced their price objective on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Redburn Atlantic upgraded Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 target price for the company in a report on Monday, March 24th. Wells Fargo & Company upped their price target on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group decreased their price objective 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 given a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $111.33.

Wyndham Hotels & Resorts Trading Up 2.1 %

Shares of NYSE WH opened at $84.91 on Tuesday. The stock has a fifty day simple moving average of $92.45 and a 200-day simple moving average of $95.97. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $113.07. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. The stock has a market capitalization of $6.58 billion, a PE ratio of 23.39, a PEG ratio of 1.87 and a beta of 1.11.

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

Wyndham Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Monday, March 17th. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s payout ratio is currently 45.18%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mutual of America Capital Management LLC boosted its stake in Wyndham Hotels & Resorts by 17.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company’s stock valued at $17,533,000 after acquiring an additional 25,702 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at about $248,000. Bessemer Group Inc. boosted its position in shares of Wyndham Hotels & Resorts by 24,953.8% in the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock valued at $134,414,000 after purchasing an additional 1,328,292 shares during the period. Proficio Capital Partners LLC purchased a new position in Wyndham Hotels & Resorts during the 4th quarter worth approximately $28,000. Finally, Bank of New York Mellon Corp grew its stake in Wyndham Hotels & Resorts by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company’s stock worth $85,870,000 after buying an additional 8,129 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Company Profile

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.