Equities research analysts at Oppenheimer started coverage on shares of Wyndham Worldwide (NYSE:WYN) in a research note issued on Monday. The brokerage set an “outperform” rating and a $135.00 price target on the stock. Oppenheimer’s price target would suggest a potential upside of 20.37% from the company’s previous close.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a research note on Friday, March 30th. SunTrust Banks increased their target price on shares of Wyndham Worldwide to $131.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus reissued a “buy” rating and set a $130.00 target price on shares of Wyndham Worldwide in a research report on Friday, January 19th. Finally, Jefferies Group began coverage on shares of Wyndham Worldwide in a research report on Friday, January 19th. They set a “buy” rating and a $202.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $129.22.
NYSE WYN opened at $112.15 on Monday. Wyndham Worldwide has a 1-year low of $83.42 and a 1-year high of $127.96. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.03 and a current ratio of 1.17. The firm has a market capitalization of $11,411.36, a PE ratio of 20.39 and a beta of 1.34.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a net margin of 15.35% and a return on equity of 92.39%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business posted $1.35 earnings per share. Wyndham Worldwide’s revenue for the quarter was up 5.6% compared to the same quarter last year. sell-side analysts predict that Wyndham Worldwide will post 7.03 EPS for the current year.
In other Wyndham Worldwide news, Director George Herrera sold 270 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $121.76, for a total transaction of $32,875.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Geoffrey A. Ballotti sold 8,968 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $114.73, for a total transaction of $1,028,898.64. Following the sale, the chief executive officer now owns 137,784 shares of the company’s stock, valued at $15,807,958.32. The disclosure for this sale can be found here. Insiders have sold 19,510 shares of company stock worth $2,273,541 over the last three months. Company insiders own 2.39% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Lourd Capital LLC bought a new stake in Wyndham Worldwide during the fourth quarter valued at about $231,000. Legal & General Group Plc boosted its holdings in Wyndham Worldwide by 1.7% during the third quarter. Legal & General Group Plc now owns 593,617 shares of the company’s stock valued at $62,573,000 after acquiring an additional 9,892 shares during the period. Palo Capital Inc. boosted its holdings in Wyndham Worldwide by 10.3% during the fourth quarter. Palo Capital Inc. now owns 23,705 shares of the company’s stock valued at $2,747,000 after acquiring an additional 2,222 shares during the period. Stifel Financial Corp boosted its holdings in Wyndham Worldwide by 0.4% during the third quarter. Stifel Financial Corp now owns 285,656 shares of the company’s stock valued at $30,115,000 after acquiring an additional 1,007 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Wyndham Worldwide by 1.1% during the third quarter. Asset Management One Co. Ltd. now owns 167,558 shares of the company’s stock valued at $17,661,000 after acquiring an additional 1,866 shares during the period. Institutional investors own 93.03% of the company’s stock.
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About Wyndham Worldwide
Wyndham Worldwide Corporation provides hospitality services and products to individual and business customers worldwide. It operates through three segments: Hotel Group, Destination Network, and Vacation Ownership. The Hotel Group segment primarily franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, as well as provides property management services for full-service and select limited-service hotels.
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