Robert W. Baird Lowers Wyndham Hotels & Resorts (NYSE:WH) Price Target to $86.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective dropped by equities researchers at Robert W. Baird from $87.00 to $86.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 24.08% from the stock’s current price.

Separately, StockNews.com began coverage on shares of Wyndham Hotels & Resorts in a report on Friday. They set a “hold” rating on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $88.14.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $69.31 on Friday. Wyndham Hotels & Resorts has a one year low of $63.69 and a one year high of $81.73. The company’s 50-day moving average is $76.26 and its 200 day moving average is $76.52. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 3.16 and a beta of 1.35. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.81.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The firm had revenue of $321.00 million for the quarter, compared to the consensus estimate of $321.35 million. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 EPS. Sell-side analysts expect that Wyndham Hotels & Resorts will post 4.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the sale, the chief accounting officer now owns 11,404 shares in the company, valued at approximately $900,916. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WH. Rockefeller Capital Management L.P. raised its position in shares of Wyndham Hotels & Resorts by 139.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company’s stock valued at $31,000 after buying an additional 255 shares during the last quarter. Allworth Financial LP raised its position in shares of Wyndham Hotels & Resorts by 62.6% during the fourth quarter. Allworth Financial LP now owns 395 shares of the company’s stock valued at $32,000 after buying an additional 152 shares during the last quarter. Money Concepts Capital Corp bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter valued at approximately $33,000. Systematic Alpha Investments LLC bought a new stake in shares of Wyndham Hotels & Resorts during the third quarter valued at approximately $37,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Wyndham Hotels & Resorts during the second quarter valued at approximately $46,000. Institutional investors own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.