Wyndham Hotels & Resorts (WH) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Wyndham Hotels & Resorts (NYSE:WH) from a strong-buy rating to a hold rating in a research report report published on Friday, Zacks.com reports.

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. “

A number of other research analysts have also recently commented on WH. Jefferies Financial Group set a $72.00 price target on shares of Wyndham Hotels & Resorts and gave the stock a buy rating in a research note on Tuesday, March 5th. Oppenheimer set a $69.00 price target on shares of Wyndham Hotels & Resorts and gave the stock a buy rating in a research note on Thursday, February 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $69.88.

WH stock opened at $56.77 on Friday. The stock has a market cap of $5.50 billion and a P/E ratio of 20.95. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.23 and a current ratio of 1.17. Wyndham Hotels & Resorts has a twelve month low of $43.03 and a twelve month high of $66.95.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The firm had revenue of $468.00 million during the quarter, compared to analysts’ expectations of $448.71 million. Wyndham Hotels & Resorts had a net margin of 7.03% and a return on equity of 18.80%. The company’s revenue for the quarter was up 55.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. On average, sell-side analysts predict that Wyndham Hotels & Resorts will post 3.18 earnings per share for the current fiscal year.

In other news, insider Nicola Rossi sold 2,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $56.20, for a total value of $112,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen P. Holmes sold 25,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $53.47, for a total transaction of $1,336,750.00. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock valued at $1,609,150 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Enlightenment Research LLC bought a new position in Wyndham Hotels & Resorts in the 4th quarter worth approximately $27,000. First Financial Corp IN bought a new position in Wyndham Hotels & Resorts in the 1st quarter worth approximately $30,000. We Are One Seven LLC bought a new position in Wyndham Hotels & Resorts in the 4th quarter worth approximately $67,000. Princeton Global Asset Management LLC bought a new position in Wyndham Hotels & Resorts in the 4th quarter worth approximately $181,000. Finally, Ballast Inc. bought a new position in Wyndham Hotels & Resorts in the 1st quarter worth approximately $205,000. Institutional investors own 92.46% of the company’s stock.

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

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