Wyndham Worldwide (NYSE:WYN) was upgraded by Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report issued on Friday.
Other equities research analysts have also issued research reports about the company. Macquarie initiated coverage on Wyndham Worldwide in a research report on Friday, January 5th. They issued an “underperform” rating on the stock. Zacks Investment Research lowered Wyndham Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus upped their target price on Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. Finally, Wolfe Research upgraded Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $121.63.
Shares of Wyndham Worldwide (WYN) opened at $122.73 on Friday. Wyndham Worldwide has a 52 week low of $77.35 and a 52 week high of $124.05. The firm has a market capitalization of $11,868.34, a PE ratio of 21.99 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 (NYSE:WYN) last issued 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 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 firm earned $1.89 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. research analysts forecast that Wyndham Worldwide will post 6.04 EPS for the current fiscal year.
Wyndham Worldwide declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management 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 stock was sold at an average price of $115.00, for a total value of $1,768,815.00. Following the completion of the transaction, the vice president now directly owns 8,917 shares of the company’s stock, valued at $1,025,455. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George Herrera sold 311 shares of the business’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. Insiders own 2.39% of the company’s stock.
A number of large investors have recently made changes to their positions in WYN. San Francisco Sentry Investment Group CA acquired a new position in Wyndham Worldwide in the second quarter valued at approximately $158,000. Jane Street Group LLC acquired a new position in Wyndham Worldwide in the third quarter valued at approximately $209,000. Rational Advisors LLC acquired a new position in Wyndham Worldwide in the third quarter valued at approximately $253,000. Cetera Investment Advisers acquired a new position in Wyndham Worldwide in the second quarter valued at approximately $300,000. Finally, ETRADE Capital Management LLC lifted its holdings in Wyndham Worldwide by 16.0% in the second quarter. ETRADE Capital Management LLC now owns 3,089 shares of the company’s stock valued at $310,000 after acquiring an additional 425 shares during the period. 94.01% of the stock is owned by institutional investors.
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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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