In a report released today, Ian Zaffino from Oppenheimer maintained a Buy rating on Wyndham Hotels & Resorts Inc (WH), with a price target of $69. The company’s shares opened today at $52.
Zaffino said:
“4Q18 EPS of $0.58, beat our $0.53 estimate, owing to higher licensing/other fee and La Quinta contributions. Revenues of $527M also beat our/Street’s $495M/ $497M estimates, while adjusted EBITDA of $125M beat our/Street’s $122M/$124M estimates. System-wide rooms improved 11% YoY (+2% organically), while global RevPAR grew ~8% YoY (+2% CC). 2019 guidance calls for revenues of $2.11-2.16B and adjusted EBITDA of $605-620M (5-7% organic). We adjust 2019E EBITDA to $612M, from $640M, as Puerto Rico ramps back up and laps the insurance benefits while LQ synergies materialize as planned (vs. our/Street’s faster-than-expected assumptions). Maintain Outperform.”
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 0.7% and a 52.1% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, frontdoor inc, and Peak Resorts.
Currently, the analyst consensus on Wyndham Hotels & Resorts Inc is a Strong Buy with an average price target of $65.50.
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The company has a one-year high of $66.95 and a one-year low of $43.03. Currently, Wyndham Hotels & Resorts Inc has an average volume of 1.01M.
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Wyndham Hotels & Resorts, Inc. engages in the franshise and operation of hotels under the Wyndham brand. It operates through the following business segments: Hotel Franchising, Hotel Management. and Corporate and Other. The Hotel Franchising segment offers licenses of brand names and associated trademarks to hotel owners under long-term franchise agreements.
