Wyndham Worldwide (NYSE:WYN)‘s stock had its “buy” rating reiterated by equities research analysts at Stifel Nicolaus in a report issued on Friday. They currently have a $130.00 price objective on the stock. Stifel Nicolaus’ target price indicates a potential upside of 2.37% from the company’s previous close.
A number of other research analysts also recently issued reports on WYN. Zacks Investment Research downgraded Wyndham Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Wolfe Research upgraded Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Macquarie initiated coverage on Wyndham Worldwide in a research note on Friday, January 5th. They set an “underperform” rating for the company. Finally, Goldman Sachs Group upgraded Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Wyndham Worldwide currently has a consensus rating of “Hold” and a consensus price target of $122.50.
Shares of Wyndham Worldwide (WYN) traded up $4.26 during trading hours on Friday, hitting $126.99. The company had a trading volume of 2,219,198 shares, compared to its average volume of 1,159,938. The company has a market cap of $12,870.00, a P/E ratio of 22.80 and a beta of 1.36. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00. Wyndham Worldwide has a 52 week low of $77.74 and a 52 week high of $127.96.
Wyndham Worldwide (NYSE:WYN) last announced its quarterly earnings data 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. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.67 billion. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 EPS. research analysts predict that Wyndham Worldwide will post 6.04 EPS for the current year.
Wyndham Worldwide declared that its board has approved a share buyback program on Wednesday, October 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
In other news, Director George Herrera sold 311 shares of the company’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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Scott G. Mclester sold 15,381 shares of the company’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 sale, the vice president now directly owns 8,917 shares in the company, valued at $1,025,455. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of WYN. Ameriprise Financial Inc. raised its holdings in shares of Wyndham Worldwide by 29.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 86,503 shares of the company’s stock worth $8,695,000 after acquiring an additional 19,637 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Wyndham Worldwide by 1.3% during the 2nd quarter. BlackRock Inc. now owns 6,586,534 shares of the company’s stock worth $661,354,000 after acquiring an additional 83,501 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Wyndham Worldwide by 49.5% during the 2nd quarter. Amalgamated Bank now owns 12,408 shares of the company’s stock worth $1,246,000 after acquiring an additional 4,108 shares in the last quarter. Profund Advisors LLC raised its holdings in shares of Wyndham Worldwide by 20.5% during the 2nd quarter. Profund Advisors LLC now owns 3,594 shares of the company’s stock worth $361,000 after acquiring an additional 611 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Wyndham Worldwide by 0.4% during the 2nd quarter. ProShare Advisors LLC now owns 28,622 shares of the company’s stock worth $2,874,000 after acquiring an additional 128 shares in the last quarter. 94.01% 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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