Barclays Keeps Their Buy Rating on Wyndham Hotels & Resorts (WH)


In a report released yesterday, Anthony Powell from Barclays maintained a Buy rating on Wyndham Hotels & Resorts (WH), with a price target of $52.00. The company’s shares closed last Tuesday at $38.50.

According to TipRanks.com, Powell is a 1-star analyst with an average return of -2.6% and a 46.3% success rate. Powell covers the Financial sector, focusing on stocks such as Apple Hospitality REIT, Host Hotels & Resorts, and Park Hotels & Resorts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wyndham Hotels & Resorts with a $50.00 average price target, implying a 34.2% upside from current levels. In a report issued on April 22, Jefferies also maintained a Buy rating on the stock with a $40.00 price target.

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Based on Wyndham Hotels & Resorts’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $492 million and net profit of $64 million. In comparison, last year the company earned revenue of $527 million and had a net profit of $44 million.

Based on the recent corporate insider activity of 130 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The Hotel Management segment provides management services. The company was founded in 1990 and is headquartered in Parsippany, NJ.

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