Wyndham Hotels & Resorts (NYSE:WH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks.com reports. The firm presently has a $96.00 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 16.01% from the stock’s previous close.
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. “
WH has been the subject of several other reports. TheStreet raised Wyndham Hotels & Resorts from a “c” rating to a “b” rating in a research report on Friday, July 30th. Loop Capital initiated coverage on Wyndham Hotels & Resorts in a research report on Tuesday, October 5th. They set a “buy” rating and a $99.00 target price for the company. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of “Buy” and an average target price of $83.50.
Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.27. Wyndham Hotels & Resorts had a return on equity of 16.39% and a net margin of 8.35%. The firm had revenue of $406.00 million during the quarter, compared to analyst estimates of $409.93 million. As a group, sell-side analysts predict that Wyndham Hotels & Resorts will post 2.65 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Wyndham Hotels & Resorts by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 8,591,271 shares of the company’s stock worth $621,063,000 after purchasing an additional 247,403 shares during the period. William Blair Investment Management LLC bought a new position in Wyndham Hotels & Resorts in the 2nd quarter worth about $223,410,000. Massachusetts Financial Services Co. MA boosted its stake in Wyndham Hotels & Resorts by 1.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,464,448 shares of the company’s stock worth $178,155,000 after purchasing an additional 40,491 shares during the period. State Street Corp boosted its stake in Wyndham Hotels & Resorts by 8.7% in the 2nd quarter. State Street Corp now owns 2,408,783 shares of the company’s stock worth $174,131,000 after purchasing an additional 193,505 shares during the period. Finally, Bessemer Group Inc. boosted its stake in Wyndham Hotels & Resorts by 0.9% in the 2nd quarter. Bessemer Group Inc. now owns 2,012,428 shares of the company’s stock worth $145,477,000 after purchasing an additional 18,905 shares during the period. Institutional investors and hedge funds own 94.16% of the company’s stock.
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising and Hotel Management. The Hotel Franchising segment offers licenses of brand names and associated trademarks to hotel owners under long-term franchise agreements.
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