Wyndham Hotels & Resorts (NYSE:WH) Cut to “Hold” at Zacks Investment Research

Wyndham Hotels & Resorts (NYSE:WH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

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. “

A number of other research analysts have also commented on WH. Barclays assumed coverage on Wyndham Hotels & Resorts in a research report on Tuesday, July 2nd. They issued an “overweight” rating and a $72.00 price objective on the stock. Bank of America assumed coverage on Wyndham Hotels & Resorts in a research report on Wednesday, June 12th. They issued a “buy” rating and a $62.00 price objective on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $67.71.



WH traded down $0.35 during mid-day trading on Thursday, reaching $49.30. The stock had a trading volume of 31,220 shares, compared to its average volume of 961,031. The company has a market cap of $5.18 billion, a PE ratio of 18.19, a P/E/G ratio of 1.46 and a beta of 1.03. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.62. The stock has a fifty day moving average price of $57.51. Wyndham Hotels & Resorts has a 52 week low of $43.03 and a 52 week high of $61.49.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. The firm had revenue of $533.00 million for the quarter, compared to analyst estimates of $532.61 million. Wyndham Hotels & Resorts had a return on equity of 19.91% and a net margin of 6.94%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. On average, equities analysts expect that Wyndham Hotels & Resorts will post 3.19 earnings per share for the current fiscal year.

In other news, insider Nicola Rossi sold 1,500 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $55.46, for a total value of $83,190.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michele Allen sold 4,475 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $56.12, for a total value of $251,137.00. The disclosure for this sale can be found here. Insiders sold a total of 15,975 shares of company stock worth $891,527 over the last 90 days. 1.90% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Hanson & Doremus Investment Management bought a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter worth $25,000. Coastal Capital Group Inc. bought a new position in Wyndham Hotels & Resorts during the second quarter worth about $41,000. Country Trust Bank lifted its holdings in Wyndham Hotels & Resorts by 100.0% during the second quarter. Country Trust Bank now owns 800 shares of the company’s stock worth $42,000 after acquiring an additional 400 shares in the last quarter. Coastal Investment Advisors Inc. bought a new position in Wyndham Hotels & Resorts during the second quarter worth about $49,000. Finally, Advisor Group Inc. lifted its holdings in Wyndham Hotels & Resorts by 27.3% during the second quarter. Advisor Group Inc. now owns 961 shares of the company’s stock worth $55,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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