Truist maintains Buy on Wyndham Hotels, reiterates $119 target

Published 01/04/2025, 13:56
Truist maintains Buy on Wyndham Hotels, reiterates $119 target

Tuesday, Truist Securities expressed continued confidence in Wyndham Hotels (NYSE:WH), maintaining a Buy rating and a price target of $119.00. According to InvestingPro data, this target represents a significant upside from the current trading price of $90.51, though the stock appears slightly overvalued based on InvestingPro’s Fair Value analysis. Following recent meetings with Wyndham’s senior management and investors, Truist analyst C. Patrick Scholes shared insights into the company’s outlook amidst concerns about travel spending.

The discussions highlighted that while the investment community is acutely aware of potential downturns in consumer and governmental travel expenditure, Wyndham’s management appears less troubled by these factors. This confidence may be supported by the company’s strong financial foundation, with InvestingPro data showing impressive gross profit margins of 67.66% and a consistent track record of dividend payments maintained for 8 consecutive years. Concerns have been rising due to a variety of economic pressures, including tariff uncertainties, stock market fluctuations, and government spending reductions, which could all contribute to a slowdown in travel trends.

Scholes noted that despite the macroeconomic headwinds and the heightened focus on these issues among investors, Wyndham Hotels’ leadership team conveyed a sense of resilience. The company’s lower financial sensitivity to changes in Revenue per Available Room (RevPAR), a key performance metric in the hospitality industry, was cited as a reason for their confidence. This resilience is reflected in the company’s solid financial metrics, with an EBITDA of $593 million in the last twelve months and a healthy return on equity of 41%.

The analyst’s reiteration of the Buy rating suggests a belief in Wyndham’s ability to navigate through potential challenges in the travel sector. The price target of $119.00 remains unchanged, indicating Truist’s expectation that Wyndham’s stock will perform well in the face of current economic factors affecting the travel industry.

Wyndham Hotels, with its diversified portfolio and strategic focus, seems to be positioned to withstand the impact of the current economic climate, as per the sentiments shared by the company’s senior management during their meetings with Truist Securities.

In other recent news, Wyndham Hotels & Resorts has been the focus of several analyst updates. Stifel reiterated its Buy rating on Wyndham, maintaining a price target of $121. The firm expressed confidence in the company’s earnings projections, with EPS estimates for 2025 and 2026 set at $4.82 and $5.59, respectively. Truist Securities also maintained a Buy rating but raised its price target to $122, following a slight downward adjustment in its 2025 EBITDA projection from $751 million to $748 million. Meanwhile, Wells Fargo (NYSE:WFC) Securities upgraded Wyndham to overweight, citing improving revenue per available room (RevPAR) metrics and an optimistic outlook on the company’s fundamentals. The firm noted that U.S. economy and mid-scale RevPAR have shown year-over-year growth in recent weeks, suggesting a positive trend. Wells Fargo also increased its price target for Wyndham to $114, reflecting confidence in the company’s growth potential. These developments highlight a consistent positive sentiment from analysts regarding Wyndham’s future performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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