Wyndham Hotels & Resorts (NYSE:WH) raised to buy on StockNews.com


StockNews.com has updated the shares of Wyndham Hotels & Resorts (NYSE: WH – Get a Rating) from a hold rating to a buy rating in a research note released to investors Thursday morning.

Shares of WH opened at $66.00 on Thursday. The company has a debt ratio of 1.78, a current ratio of 2.13 and a quick ratio of 2.13. The company has a market capitalization of $6.08 billion, a price/earnings ratio of 18.97, a PEG ratio of 1.76 and a beta of 1.49. The stock has a 50-day simple moving average of $80.68 and a 200-day simple moving average of $83.26. Wyndham Hotels & Resorts has a 1-year minimum of $65.24 and a 1-year maximum of $93.86.

Wyndham Hotels & Resorts (NYSE: WH – Get Rating) last reported results on Tuesday, April 26. The company reported earnings per share of $0.95 for the quarter, beating the consensus estimate of $0.66 by $0.29. The company posted revenue of $371.00 million in the quarter, versus a consensus estimate of $339.16 million. Wyndham Hotels & Resorts achieved a return on equity of 31.60% and a net margin of 19.91%. During the same period a year earlier, the company posted EPS of $0.36. Analysts expect Wyndham Hotels & Resorts to post earnings per share of 3.56 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 29. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.32 per share. This represents an annualized dividend of $1.28 and a dividend yield of 1.94%. The ex-date of this dividend is Tuesday, June 14. Wyndham Hotels & Resorts payout ratio is 36.78%.

In related news, General Counsel Paul F. Cash sold 30,331 shares in a trade on Wednesday, June 1. The stock was sold at an average price of $79.94, for a total value of $2,424,660.14. Following the completion of the transaction, the General Counsel now directly owns 11,680 shares of the company, valued at approximately $933,699.20. The transaction was disclosed in a filing with the SEC, accessible via the SEC’s website. Company insiders hold 1.91% of the company’s shares.

Hedge funds and other institutional investors have recently been buying and selling stocks. Bank of America Corp DE increased its stake in Wyndham Hotels & Resorts shares by 29.9% in Q1. Bank of America Corp DE now owns 255,370 shares of the company worth $21,627,000 after acquiring an additional 58,784 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Wyndham Hotels & Resorts stock in Q1 worth $318,000. Toroso Investments LLC increased its stake in Wyndham Hotels & Resorts shares by 16.4% in Q1. Toroso Investments LLC now owns 2,877 shares of the company worth $244,000 after acquiring 406 additional shares in the last quarter. Virtu Financial LLC acquired a new stake in the shares of Wyndham Hotels & Resorts in Q1 worth $204,000. Finally, Advisors Asset Management Inc. acquired a new equity stake in Wyndham Hotels & Resorts in Q1 valued at $213,000. 92.63% of the shares are held by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Company Profile (Get a rating)

Wyndham Hotels & Resorts, Inc operates as a franchisor of hotels worldwide. It operates through the hotel franchise and hotel management segments. The Hotel Franchise segment licenses its lodging 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.

See also

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

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