This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Morgan Stanley Reaffirms Their Buy Rating on Wyndham Hotels & Resorts (WH)

Tipranks - Fri May 1, 5:48AM CDT

In a report released today, Stephen Grambling from Morgan Stanley maintained a Buy rating on Wyndham Hotels & Resorts, with a price target of $87.00.

Claim 55% Off TipRanks

According to TipRanks, Grambling is a 4-star analyst with an average return of 5.2% and a 58.10% success rate. Grambling covers the Consumer Cyclical sector, focusing on stocks such as Las Vegas Sands, Norwegian Cruise Line, and Caesars Entertainment.

In addition to Morgan Stanley, Wyndham Hotels & Resorts also received a Buy from Bank of America Securities’s Dany Asad in a report issued on April 28. However, on April 23, Susquehanna assigned a Hold rating to Wyndham Hotels & Resorts (NYSE: WH).

Based on Wyndham Hotels & Resorts’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $334 million and a GAAP net loss of $60 million. In comparison, last year the company earned a revenue of $341 million and had a net profit of $85 million

Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WH in relation to earlier this year. Last month, Monica Melancon, the Chief Human Resource Officer of WH sold 10,137.00 shares for a total of $756,251.38.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.