Oppenheimer Maintains Their Buy Rating on Wyndham Hotels & Resorts Inc (WH)

In a report released today, Ian Zaffino from Oppenheimer maintained a Buy rating on Wyndham Hotels & Resorts Inc (WHResearch Report), with a price target of $69. The company’s shares closed yesterday at $50.48.

Zaffino commented:

“Wyndham continues to enjoy momentum, and management suggested it has not seen the softness that concerned a competitor after its September results. Adjusted for hurricane headwinds, RevPAR should accelerate to ~3.8% in 4Q18 vs. ~3.1%/2.6% in 3Q18/2Q18. Meanwhile, La Quinta synergies should come in at the high end of guidance ($55-70M). The stock trades at a steep discount to Choice—10.5x 2019E EBITDA vs. 13.6x (FactSet consensus)—despite WH’s solid international growth and brand positions. Maintain Outperform.”

According to TipRanks.com, Zaffino is a 1-star analyst with an average return of -0.6% and a 49.0% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Destinations Inc, and frontdoor inc.

Wyndham Hotels & Resorts Inc has an analyst consensus of Strong Buy, with a price target consensus of $69.67.

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The company has a one-year high of $66.95 and a one-year low of $43.54. Currently, Wyndham Hotels & Resorts Inc has an average volume of 928.8K.

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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.

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