Wyndham Worldwide (WYN) Price Target Raised to $123.00

Wyndham Worldwide (NYSE:WYN) had its price objective lifted by analysts at Stifel Nicolaus from $113.00 to $123.00 in a research note issued on Friday, January 5th, The Fly reports. Stifel Nicolaus’ price target indicates a potential upside of 4.30% from the company’s current price. The analysts noted that the move was a valuation call.

WYN has been the topic of a number of other reports. Wolfe Research raised shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded shares of Wyndham Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Macquarie began coverage on shares of Wyndham Worldwide in a research report on Friday, January 5th. They set an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $110.14.

Wyndham Worldwide (WYN) traded up $1.04 during mid-day trading on Friday, hitting $117.93. 987,721 shares of the stock were exchanged, compared to its average volume of 772,246. Wyndham Worldwide has a twelve month low of $75.80 and a twelve month high of $117.96. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a market capitalization of $11,844.02, a price-to-earnings ratio of 19.32 and a beta of 1.36.

Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business earned $1.89 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. equities research analysts predict that Wyndham Worldwide will post 6.04 EPS for the current fiscal year.

Wyndham Worldwide declared that its Board of Directors has approved a share buyback plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

In other Wyndham Worldwide news, VP Scott G. Mclester sold 15,381 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $115.00, for a total value of $1,768,815.00. Following the completion of the sale, the vice president now directly owns 8,917 shares of the company’s stock, valued at $1,025,455. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 311 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total transaction of $32,910.02. The disclosure for this sale can be found here. Insiders own 2.39% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC lifted its stake in shares of Wyndham Worldwide by 1.2% in the second quarter. HighTower Advisors LLC now owns 4,705 shares of the company’s stock worth $476,000 after buying an additional 54 shares during the last quarter. Empirical Finance LLC lifted its stake in shares of Wyndham Worldwide by 0.5% in the second quarter. Empirical Finance LLC now owns 12,758 shares of the company’s stock worth $1,282,000 after buying an additional 63 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of Wyndham Worldwide by 1.0% in the second quarter. Advisory Services Network LLC now owns 9,270 shares of the company’s stock worth $931,000 after buying an additional 90 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Wyndham Worldwide by 0.3% in the second quarter. Thrivent Financial For Lutherans now owns 30,222 shares of the company’s stock worth $3,034,000 after buying an additional 100 shares during the last quarter. Finally, Veritable L.P. lifted its stake in shares of Wyndham Worldwide by 3.3% in the second quarter. Veritable L.P. now owns 3,587 shares of the company’s stock worth $360,000 after buying an additional 116 shares during the last quarter. 94.09% of the stock is owned by institutional investors.

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About Wyndham Worldwide

Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.

The Fly

Analyst Recommendations for Wyndham Worldwide (NYSE:WYN)

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