Shares of Wyndham Worldwide Co. (NYSE:WYN) have been given a consensus rating of “Hold” by the eleven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $107.83.
A number of equities research analysts have recently weighed in on WYN shares. Macquarie started coverage on Wyndham Worldwide in a research note on Friday, January 5th. They set an “underperform” rating for the company. ValuEngine raised Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Wyndham Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Stifel Nicolaus raised their price target on Wyndham Worldwide from $113.00 to $123.00 in a research note on Friday, January 5th. They noted that the move was a valuation call. Finally, Wolfe Research raised Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st.
Wyndham Worldwide (NYSE:WYN) traded up $1.04 on Wednesday, hitting $117.93. The stock had a trading volume of 987,721 shares, compared to its average volume of 862,666. Wyndham Worldwide has a 52 week low of $75.80 and a 52 week 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 stock has a market cap of $11,950.00, a P/E ratio of 21.17 and a beta of 1.36.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business earned $1.89 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. equities analysts forecast that Wyndham Worldwide will post 6.04 earnings per share for the current year.
Wyndham Worldwide declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
In related news, VP Scott G. Mclester sold 15,381 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $115.00, for a total value of $1,768,815.00. Following the transaction, the vice president now directly owns 8,917 shares of the company’s stock, valued at approximately $1,025,455. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Herrera sold 311 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total value of $32,910.02. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of Wyndham Worldwide by 861.3% in the 2nd quarter. Janus Henderson Group PLC now owns 125,294 shares of the company’s stock valued at $12,581,000 after acquiring an additional 112,260 shares in the last quarter. Tredje AP fonden raised its stake in shares of Wyndham Worldwide by 12.4% in the 2nd quarter. Tredje AP fonden now owns 11,410 shares of the company’s stock valued at $1,146,000 after acquiring an additional 1,260 shares in the last quarter. Glenview Capital Management LLC acquired a new stake in Wyndham Worldwide in the 2nd quarter valued at approximately $47,993,000. Legal & General Group Plc grew its holdings in Wyndham Worldwide by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 593,617 shares of the company’s stock valued at $62,573,000 after buying an additional 9,892 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in Wyndham Worldwide by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 285,656 shares of the company’s stock valued at $30,115,000 after buying an additional 1,007 shares during the last quarter. 94.09% of the stock is currently owned by institutional investors and hedge funds.
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Wyndham Worldwide Company Profile
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.
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