1 week Ago By Defense World Staff
Wyndham Hotels & Resorts ( NYSE:WH – Free Report ) had its price objective increased by Jefferies Financial Group from $107.00 to $120.00 in a research note issued to investors on Thursday morning, Benzinga reports.
The firm currently has a buy rating on the stock. Several other brokerages have also issued reports on WH. Barclays lifted their price objective on shares of Wyndham Hotels & Resorts from $100.
00 to $115.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Wells Fargo & Company began coverage on Wyndham Hotels & Resorts in a report on Thursday, December 5th.
They issued an “equal weight” rating and a $103.00 price target on the stock. JPMorgan Chase & Co.
upped their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th.
Truist Financial lifted their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th.
Finally, Robert W. Baird increased their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.
00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.
com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.00. Read Our Latest Stock Report on Wyndham Hotels & Resorts Wyndham Hotels & Resorts Stock Down 1.
0 % Wyndham Hotels & Resorts ( NYSE:WH – Get Free Report ) last issued its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.
38 by $0.01. The business had revenue of $396.
00 million during the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.
79% and a net margin of 18.29%. The business’s revenue for the quarter was down 1.
5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.31 EPS.
Sell-side analysts expect that Wyndham Hotels & Resorts will post 4.29 earnings per share for the current year. Wyndham Hotels & Resorts Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, December 27th.
Shareholders of record on Friday, December 13th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, December 13th.
This represents a $1.52 dividend on an annualized basis and a yield of 1.52%.
Wyndham Hotels & Resorts’s payout ratio is 48.25%. Insiders Place Their Bets In other news, Director Stephen P.
Holmes sold 80,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.01, for a total value of $7,280,800.
00. Following the sale, the director now owns 366,371 shares in the company, valued at $33,343,424.71.
This represents a 17.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, insider Scott R. Strickland sold 2,850 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $88.
14, for a total transaction of $251,199.00. Following the transaction, the insider now directly owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.
68. This trade represents a 9.86 % decrease in their position.
The disclosure for this sale can be found here . Over the last quarter, insiders sold 97,850 shares of company stock valued at $8,881,849. Insiders own 2.
79% of the company’s stock. Hedge Funds Weigh In On Wyndham Hotels & Resorts A number of institutional investors have recently modified their holdings of WH. Assetmark Inc.
purchased a new stake in Wyndham Hotels & Resorts during the third quarter worth $30,000. Nomura Asset Management Co. Ltd.
raised its position in shares of Wyndham Hotels & Resorts by 86.4% in the third quarter. Nomura Asset Management Co.
Ltd. now owns 410 shares of the company’s stock worth $32,000 after acquiring an additional 190 shares during the period. First Horizon Advisors Inc.
boosted its stake in shares of Wyndham Hotels & Resorts by 76.9% during the 3rd quarter. First Horizon Advisors Inc.
now owns 467 shares of the company’s stock worth $36,000 after acquiring an additional 203 shares in the last quarter. Concord Wealth Partners grew its position in shares of Wyndham Hotels & Resorts by 115.5% during the 3rd quarter.
Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after acquiring an additional 291 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 93.
46% of the company’s stock. About Wyndham Hotels & Resorts ( Get Free Report ) 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. Recommended Stories Five stocks we like better than Wyndham Hotels & Resorts What is the Australian Securities Exchange (ASX) 3 Legacy Tech Companies Reemerging as AI Leaders How to Invest in the FAANG Stocks Analysts’ Favorite Cybersecurity Stocks: 3 Top Picks Why Understanding Call Option Volume is Essential to Successful Options Trading Analysts Are Bullish: 3 Tech Giants With Upgraded Price Targets Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter .
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