Wyndham Hotels & Resorts (WH) Given a $69.00 Price Target at Oppenheimer

Wyndham Hotels & Resorts (NYSE:WH) received a $69.00 price objective from investment analysts at Oppenheimer in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 35.77% from the company’s current price.

WH has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Goldman Sachs Group cut shares of Wyndham Hotels & Resorts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, November 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $62.00 target price (down previously from $68.00) on shares of Wyndham Hotels & Resorts in a research note on Monday, December 24th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $72.43.

Shares of Wyndham Hotels & Resorts stock opened at $50.82 on Thursday. Wyndham Hotels & Resorts has a 1 year low of $43.03 and a 1 year high of $66.95. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.47.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, February 13th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $527.00 million for the quarter, compared to analysts’ expectations of $498.92 million. Wyndham Hotels & Resorts had a net margin of 12.90% and a return on equity of 22.08%. The company’s revenue was up 68.9% on a year-over-year basis. On average, equities analysts anticipate that Wyndham Hotels & Resorts will post 2.67 earnings per share for the current year.

In other Wyndham Hotels & Resorts news, insider Stephen P. Holmes sold 30,000 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $46.44, for a total transaction of $1,393,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional investors and hedge funds have recently bought and sold shares of the business. AWH Capital L.P. bought a new position in Wyndham Hotels & Resorts during the 3rd quarter valued at about $8,891,000. Stevens Capital Management LP bought a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter worth approximately $801,000. Huntington National Bank bought a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter worth approximately $124,000. Dimensional Fund Advisors LP lifted its stake in shares of Wyndham Hotels & Resorts by 15.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 604,387 shares of the company’s stock worth $33,588,000 after purchasing an additional 79,619 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 0.8% in the 3rd quarter. Bessemer Group Inc. now owns 2,282,946 shares of the company’s stock worth $126,864,000 after purchasing an additional 17,369 shares during the period. Institutional investors and hedge funds own 87.88% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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Analyst Recommendations for Wyndham Hotels & Resorts (NYSE:WH)

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