Wells Fargo Sticks to Their Hold Rating for Wyndham Hotels & Resorts (WH)

Wells Fargo analyst Trey Bowers maintained a Hold rating on Wyndham Hotels & Resorts today and set a price target of $81.00.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Bowers covers the Consumer Cyclical sector, focusing on stocks such as Carnival, Churchill Downs, and Royal Caribbean. According to TipRanks, Bowers has an average return of 5.9% and a 57.89% success rate on recommended stocks.

In addition to Wells Fargo, Wyndham Hotels & Resorts also received a Hold from TipRanks – OpenAI’s OpenAI Travel Lodging in a report issued today. However, on the same day, Barclays maintained a Buy rating on Wyndham Hotels & Resorts (NYSE: WH).

Based on Wyndham Hotels & Resorts’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $382 million and a net profit of $105 million. In comparison, last year the company earned a revenue of $396 million and had a net profit of $102 million

Based on the recent corporate insider activity of 93 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, Scott R. Strickland, the CCO of WH sold 29,103.00 shares for a total of $2,070,618.99.