Wyndham Hotels & Resorts (NYSE:WH) reduced to fit StockNews.com


Wyndham Hotels & Resorts (NYSE: WH – Get a Rating) was downgraded by StockNews.com equity research analysts from a “buy” rating to a “hold” rating in a report released Wednesday.

Separately, Barclays began covering Wyndham Hotels & Resorts in a research report on Tuesday. They set an “equal weight” rating and a $77.00 price target on the stock. Two investment analysts gave the stock a hold rating and five gave the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $88.25.

NYSE WH opened at $65.72 on Wednesday. The company’s 50-day simple moving average is $76.87 and its 200-day simple moving average is $82.31. The company has a market capitalization of $6.05 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.44 and a beta of 1.49. The company has a debt ratio of 1.78, a current ratio of 2.13 and a quick ratio of 2.13. Wyndham Hotels & Resorts has a 1-year minimum of $62.89 and a 1-year maximum of $93.86.

Wyndham Hotels & Resorts (NYSE: WH – Get Rating) last released its quarterly results on Tuesday, April 26. The company reported EPS of $0.95 for the quarter, beating the consensus estimate of $0.66 by $0.29. The company posted revenue of $371.00 million for the quarter, versus analyst estimates 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. On average, equity research analysts expect Wyndham Hotels & Resorts to post EPS of 3.57 for the current fiscal year.

In other Wyndham Hotels & Resorts news, General Counsel Paul F. Cash sold 30,331 shares of the company in a trade on Wednesday, June 1. The stock was sold at an average price of $79.94, for a total transaction of $2,424,660.14. Following the completion of the transaction, the General Counsel now owns 11,680 shares of the company, valued at approximately $933,699.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.91% of the shares of the company.

A number of hedge funds have recently changed their positions in the business. Bank of America Corp DE increased its position in Wyndham Hotels & Resorts by 29.9% in the 1st quarter. Bank of America Corp DE now owns 255,370 shares of the company worth $21,627,000 after acquiring an additional 58,784 shares during the period. Verition Fund Management LLC acquired a new stake in the shares of Wyndham Hotels & Resorts in the first quarter valued at $318,000. Toroso Investments LLC increased its holdings of Wyndham Hotels & Resorts shares by 16.4% in the first quarter. Toroso Investments LLC now owns 2,877 shares of the company valued at $244,000 after purchasing an additional 406 shares during the period. Virtu Financial LLC acquired a new stake in the shares of Wyndham Hotels & Resorts in the first quarter valued at $204,000. Finally, Advisors Asset Management Inc. acquired a new stake in the shares of Wyndham Hotels & Resorts in the first quarter at a value of $213,000. Institutional investors hold 92.63% of the company’s shares.

Wyndham Hotels & Resorts Company Profile (Get an assessment)

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.

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

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