JPMorgan Chase & Co. Cuts Wyndham Hotels & Resorts (NYSE:WH) Price Target to $91.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective reduced by JPMorgan Chase & Co. from $95.00 to $91.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently commented on WH. Weiss Ratings reissued a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a report on Monday, December 29th. Barclays cut their target price on Wyndham Hotels & Resorts from $94.00 to $93.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Truist Financial lifted their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group restated a “neutral” rating and issued a $76.00 price target (down from $88.00) on shares of Wyndham Hotels & Resorts in a research note on Monday, December 15th. Finally, Stifel Nicolaus cut their price objective on shares of Wyndham Hotels & Resorts from $95.50 to $93.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.83.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH opened at $75.32 on Tuesday. The stock has a market cap of $5.69 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 2.01 and a beta of 0.76. Wyndham Hotels & Resorts has a 1 year low of $69.21 and a 1 year high of $113.07. The firm has a fifty day moving average price of $76.39 and a 200-day moving average price of $79.53. The company has a debt-to-equity ratio of 4.43, a current ratio of 1.16 and a quick ratio of 1.16.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. Wyndham Hotels & Resorts’s payout ratio is presently 37.70%.

Insider Activity

In other news, General Counsel Paul F. Cash sold 36,379 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $71.66, for a total transaction of $2,606,919.14. Following the completion of the transaction, the general counsel directly owned 39,123 shares in the company, valued at approximately $2,803,554.18. This represents a 48.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Geoffrey A. Ballotti sold 55,124 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 490,028 shares in the company, valued at $38,844,519.56. This represents a 10.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 120,606 shares of company stock worth $9,047,218. 2.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC grew its position in Wyndham Hotels & Resorts by 1.4% in the second quarter. Sequoia Financial Advisors LLC now owns 8,283 shares of the company’s stock worth $673,000 after acquiring an additional 118 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Wyndham Hotels & Resorts by 49.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the period. Claret Asset Management Corp increased its position in shares of Wyndham Hotels & Resorts by 4.6% during the 2nd quarter. Claret Asset Management Corp now owns 2,842 shares of the company’s stock valued at $231,000 after purchasing an additional 125 shares during the last quarter. Keystone Financial Services increased its position in shares of Wyndham Hotels & Resorts by 5.1% during the 2nd quarter. Keystone Financial Services now owns 2,679 shares of the company’s stock valued at $218,000 after purchasing an additional 129 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Wyndham Hotels & Resorts by 73.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock valued at $25,000 after buying an additional 133 shares during the period. Institutional investors own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

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.