Wyndham Destinations (NASDAQ:WYND) has been assigned a $58.00 target price by research analysts at Deutsche Bank in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 34.38% from the company’s current price.
Several other equities research analysts also recently commented on WYND. Zacks Investment Research raised shares of Wyndham Destinations from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 31st. TheStreet raised shares of Wyndham Destinations from a “c” rating to a “b” rating in a research report on Monday, July 16th. Oppenheimer set a $66.00 target price on shares of Wyndham Destinations and gave the stock a “buy” rating in a research report on Thursday. Credit Suisse Group decreased their target price on shares of Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, August 9th. Finally, Jefferies Financial Group initiated coverage on shares of Wyndham Destinations in a research report on Monday, July 16th. They issued a “buy” rating and a $65.00 price objective for the company. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Wyndham Destinations currently has a consensus rating of “Buy” and an average price target of $57.50.
NASDAQ:WYND opened at $43.16 on Thursday. Wyndham Destinations has a one year low of $33.61 and a one year high of $57.67.
Wyndham Destinations (NASDAQ:WYND) last posted its earnings results on Thursday, November 1st. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. Wyndham Destinations’s revenue was up 4.6% compared to the same quarter last year.
In other Wyndham Destinations news, Director George Herrera sold 747 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $44.61, for a total value of $33,323.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Dean Brown acquired 6,000 shares of Wyndham Destinations stock in a transaction on Tuesday, August 21st. The stock was purchased at an average cost of $45.20 per share, with a total value of $271,200.00. The disclosure for this purchase can be found here.
A number of hedge funds have recently modified their holdings of WYND. Brown Advisory Inc. purchased a new position in Wyndham Destinations in the first quarter valued at about $503,000. New England Research & Management Inc. purchased a new position in Wyndham Destinations in the second quarter valued at about $228,000. CenturyLink Investment Management Co purchased a new position in Wyndham Destinations in the second quarter valued at about $1,314,000. Clinton Group Inc. purchased a new position in Wyndham Destinations in the second quarter valued at about $2,550,000. Finally, Summit Financial Wealth Advisors LLC purchased a new position in Wyndham Destinations in the second quarter valued at about $821,000.
Wyndham Destinations Company Profile
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
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