Wyndham Hotels & Resorts (WH) Rating Increased to Hold at Zacks Investment Research

Wyndham Hotels & Resorts (NYSE:WH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “Wyndham Hotels and Resorts provide hotel and resort chain. It operates primarily in Canada, Mexico, Colombia, Ecuador, Turkey, Germany, the UK, the Caribbean and Margarita Island in Venezuela. Wyndham Hotels and Resorts is headquartered in New Jersey, United States. “

Several other brokerages have also weighed in on WH. Goldman Sachs Group upgraded Wyndham Hotels & Resorts from a “buy” rating to a “conviction-buy” rating in a report on Monday, June 25th. SunTrust Banks began coverage on Wyndham Hotels & Resorts in a report on Thursday, June 14th. They issued a “buy” rating and a $71.00 price objective for the company. UBS Group upgraded Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Wolfe Research lowered Wyndham Hotels & Resorts from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 10th. Finally, Longbow Research began coverage on Wyndham Hotels & Resorts in a report on Friday, September 7th. They issued a “buy” rating and a $77.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $73.29.

NYSE:WH opened at $52.45 on Friday. Wyndham Hotels & Resorts has a 1 year low of $51.83 and a 1 year high of $66.95. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.48.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, August 1st. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.05). The firm had revenue of $435.00 million during the quarter, compared to the consensus estimate of $514.63 million. The firm’s revenue was up 31.4% on a year-over-year basis. As a group, equities analysts predict that Wyndham Hotels & Resorts will post 2.87 EPS for the current fiscal year.

In other news, insider Thomas Hunter Barber sold 879 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $60.07, for a total transaction of $52,801.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David B. Wyshner bought 3,669 shares of Wyndham Hotels & Resorts stock in a transaction dated Thursday, September 6th. The shares were bought at an average cost of $54.52 per share, with a total value of $200,033.88. The disclosure for this purchase can be found here.

Several hedge funds and other institutional investors have recently made changes to their positions in WH. San Francisco Sentry Investment Group CA purchased a new stake in shares of Wyndham Hotels & Resorts during the second quarter valued at $113,000. Squar Milner Financial Services LLC purchased a new stake in shares of Wyndham Hotels & Resorts during the second quarter valued at $115,000. CENTRAL TRUST Co purchased a new stake in shares of Wyndham Hotels & Resorts during the second quarter valued at $134,000. Tower Research Capital LLC TRC purchased a new stake in shares of Wyndham Hotels & Resorts during the second quarter valued at $145,000. Finally, Cutler Group LP purchased a new stake in shares of Wyndham Hotels & Resorts during the second quarter valued at $147,000. 86.90% of the stock is owned by institutional investors and hedge funds.

About Wyndham Hotels & Resorts

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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