Wyndham Hotels & Resorts, Inc. (NYSE: WH) received an average âBuyâ recommendation from the fifteen research companies that cover the stock, reports MarketBeat.com. One analyst rated the stock with a conservation rating and eleven gave the company a buy rating. The twelve-month average price target among brokerage firms that hedged the security in the past year is $ 67.54.
A number of analysts have recently published reports on WH stocks. JPMorgan Chase & Co. raised its price target for Wyndham Hotels & Resorts stock from $ 67.00 to $ 74.00 and rated the stock “overweight” in a research report released on Wednesday 21 April. TheStreet upgraded Wyndham Hotels & Resorts shares from a âd +â rating to a âcâ rating in a research report on Thursday, April 29. Jefferies Financial Group raised its price target for Wyndham Hotels & Resorts stock from $ 85 to $ 91.00 and gave the company a “buy” rating in a report released on Friday, April 30. Truist raised its price target for Wyndham Hotels & Resorts stock from $ 68.00 to $ 81.00 in a report released on Friday, April 30. Finally, Oppenheimer raised its price target for Wyndham Hotels & Resorts shares from $ 70.00 to $ 80.00 in a report released on Thursday, April 29.
Hedge funds have recently changed their holdings in the company. Northern Trust Corp increased its stake in shares of Wyndham Hotels & Resorts by 11.5% in the 1st quarter. Northern Trust Corp now owns 874,250 shares of the company valued at $ 61,005,000 after acquiring an additional 89,837 shares during the period. TPI Fund Managers Ltd increased its stake in the shares of Wyndham Hotels & Resorts by 3.3% in the 1st quarter. TPI Fund Managers Ltd now owns 142,950 shares of the company valued at $ 9,975,000 after acquiring an additional 4,585 shares during the period. Norges Bank acquired a new stake in Wyndham Hotels & Resorts during the 4th quarter for a value of $ 55,978,000. Neuberger Berman Group LLC increased its stake in Wyndham Hotels & Resorts by 78.7% during the 1st quarter. Neuberger Berman Group LLC now owns 248,177 shares of the company valued at $ 17,298,000 after purchasing an additional 109,307 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Wyndham Hotels & Resorts by 30.7% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,753 shares of the company valued at $ 122,000 after purchasing an additional 412 shares during the period. 93.29% of the shares are currently held by institutional investors and hedge funds.
NYSE WH shares opened at $ 74.09 on Friday. Wyndham Hotels & Resorts has a one-year low at $ 41.17 and a one-year high at $ 78.13. The 50-day moving average share price is $ 74.13. The company has a market cap of $ 6.92 billion, a price-to-earnings ratio of -53.30 and a beta of 1.79. The company has a debt to equity ratio of 2.09, a quick ratio of 1.11, and a current ratio of 1.11.
Wyndham Hotels & Resorts (NYSE: WH) last reported its results on Wednesday, April 28. The company reported earnings per share (EPS) of $ 0.36 for the quarter, beating the Zacks’ consensus estimate of $ 0.25 of $ 0.11. Wyndham Hotels & Resorts recorded a negative net margin of 10.89% and a positive return on equity of 8.62%. The company posted revenue of $ 303.00 million for the quarter, compared to analysts’ estimates of $ 334.52 million. In the same quarter of last year, the company made a profit of $ 0.50 per share. Wyndham Hotels & Resorts revenue was down 26.1% from the same quarter last year. Analysts expect Wyndham Hotels & Resorts to post 2.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 30. Shareholders of record on Wednesday June 16 received a dividend of $ 0.16. This represents a dividend of $ 0.64 on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Tuesday, June 15. Wyndham Hotels & Resorts’ dividend payout ratio is currently 62.14%.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor around the world. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchise segment licenses its accommodation brands and provides related services to third party hotel owners and others. The Hotel Management segment provides hotel management services for full service and limited service hotels.
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