Wyndham Hotels & Resorts (NYSE:WH) Price Target Cut to $91.00 by Analysts at JPMorgan Chase & Co.

Wyndham Hotels & Resorts (NYSE:WH) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $95.00 to $91.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 26.67% from the company’s current price.

A number of other brokerages have also recently issued reports on WH. Susquehanna reduced their price objective on shares of Wyndham Hotels & Resorts from $95.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. The Goldman Sachs Group reissued a “neutral” rating and issued a $76.00 price objective (down previously from $88.00) on shares of Wyndham Hotels & Resorts in a report on Monday, December 15th. Wells Fargo & Company assumed coverage on Wyndham Hotels & Resorts in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $82.00 price target on the stock. Zacks Research raised Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Stifel Nicolaus lowered their price objective on Wyndham Hotels & Resorts from $95.50 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.83.

Wyndham Hotels & Resorts Price Performance

NYSE WH traded down $0.60 during trading hours on Tuesday, reaching $71.84. 459,604 shares of the company’s stock were exchanged, compared to its average volume of 1,300,763. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.43. The stock has a market cap of $5.43 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76. The firm has a fifty day moving average of $76.37 and a 200-day moving average of $79.69. Wyndham Hotels & Resorts has a one year low of $69.21 and a one year high of $113.07.

Insiders Place Their Bets

In other news, CEO Geoffrey A. Ballotti sold 55,124 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $79.27, for a total transaction of $4,369,679.48. Following the sale, the chief executive officer directly owned 490,028 shares in the company, valued at approximately $38,844,519.56. The trade was a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott R. Strickland sold 28,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $71.11, for a total transaction of $2,000,608.74. Following the completion of the transaction, the insider owned 40,363 shares of the company’s stock, valued at approximately $2,870,212.93. This trade represents a 41.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,606 shares of company stock valued at $9,047,218 in the last 90 days. Corporate insiders own 2.46% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Wyndham Hotels & Resorts by 31.8% during the first quarter. Royal Bank of Canada now owns 60,411 shares of the company’s stock worth $5,467,000 after acquiring an additional 14,593 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Wyndham Hotels & Resorts by 34.3% in the first quarter. Integrated Wealth Concepts LLC now owns 4,622 shares of the company’s stock worth $418,000 after purchasing an additional 1,181 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Wyndham Hotels & Resorts by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 248,495 shares of the company’s stock valued at $22,491,000 after purchasing an additional 18,191 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Wyndham Hotels & Resorts by 49.2% during the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock valued at $34,000 after buying an additional 124 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in Wyndham Hotels & Resorts by 2.9% during the second quarter. KLP Kapitalforvaltning AS now owns 18,000 shares of the company’s stock worth $1,462,000 after buying an additional 500 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.