StockNews.com Initiates Coverage on Wyndham Hotels & Resorts (NYSE:WH)

Equities researchers at StockNews.com assumed coverage on shares of Wyndham Hotels & Resorts (NYSE:WHGet Free Report) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Several other research firms also recently weighed in on WH. HSBC assumed coverage on Wyndham Hotels & Resorts in a report on Monday, October 23rd. They issued a “buy” rating and a $87.00 price objective for the company. Morgan Stanley upped their price target on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus cut their price target on Wyndham Hotels & Resorts from $84.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.00.

View Our Latest Analysis on WH

Wyndham Hotels & Resorts Price Performance

WH stock opened at $78.70 on Wednesday. The company has a market capitalization of $6.53 billion, a P/E ratio of 22.94, a PEG ratio of 6.96 and a beta of 1.37. Wyndham Hotels & Resorts has a twelve month low of $63.69 and a twelve month high of $81.73. The business has a 50 day simple moving average of $79.30 and a 200-day simple moving average of $75.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.48.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of Wyndham Hotels & Resorts by 150.2% in the third quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock valued at $347,812,000 after buying an additional 3,002,259 shares in the last quarter. State Street Corp increased its position in shares of Wyndham Hotels & Resorts by 3.2% in the first quarter. State Street Corp now owns 2,554,592 shares of the company’s stock valued at $216,348,000 after buying an additional 80,119 shares in the last quarter. FMR LLC increased its position in shares of Wyndham Hotels & Resorts by 2.7% in the third quarter. FMR LLC now owns 2,492,340 shares of the company’s stock valued at $173,317,000 after buying an additional 64,925 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Wyndham Hotels & Resorts by 3.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,242,143 shares of the company’s stock valued at $189,887,000 after buying an additional 77,125 shares in the last quarter. Finally, Jackson Square Partners LLC increased its position in shares of Wyndham Hotels & Resorts by 10.5% in the second quarter. Jackson Square Partners LLC now owns 1,891,594 shares of the company’s stock valued at $129,707,000 after buying an additional 179,064 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

About Wyndham Hotels & Resorts

(Get Free Report)

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service hotels.

Further Reading

Analyst Recommendations for Wyndham Hotels & Resorts (NYSE:WH)

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