Wyndham Destinations (WYND) Stock Rating Upgraded by Macquarie

Wyndham Destinations (NASDAQ:WYND) was upgraded by investment analysts at Macquarie from an “underperform” rating to a “neutral” rating in a note issued to investors on Friday, Marketbeat reports.

A number of other analysts have also recently weighed in on the stock. Deutsche Bank set a $58.00 price target on shares of Wyndham Destinations and gave the stock a “buy” rating in a research note on Thursday. Oppenheimer set a $66.00 price target on shares of Wyndham Destinations and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research cut shares of Wyndham Destinations from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. TheStreet cut shares of Wyndham Destinations from a “b-” rating to a “c+” rating in a research note on Wednesday, October 10th. Finally, Credit Suisse Group decreased their price target on shares of Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, August 9th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $57.50.

Shares of Wyndham Destinations stock opened at $43.16 on Friday. Wyndham Destinations has a 12-month low of $33.61 and a 12-month high of $57.67.

Wyndham Destinations (NASDAQ:WYND) last issued its earnings results on Thursday, November 1st. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. The business’s revenue for the quarter was up 4.6% on a year-over-year basis.

In other news, Director George Herrera sold 747 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $44.61, for a total value of $33,323.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Dean Brown bought 6,000 shares of Wyndham Destinations stock in a transaction dated Tuesday, August 21st. The stock was purchased at an average price of $45.20 per share, with a total value of $271,200.00. The disclosure for this purchase can be found here.

Several hedge funds have recently added to or reduced their stakes in WYND. Tower Research Capital LLC TRC acquired a new stake in shares of Wyndham Destinations in the 2nd quarter worth $103,000. CENTRAL TRUST Co acquired a new stake in shares of Wyndham Destinations in the 2nd quarter worth $110,000. Huntington National Bank acquired a new stake in shares of Wyndham Destinations in the 2nd quarter worth $128,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Wyndham Destinations in the 2nd quarter worth $146,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in shares of Wyndham Destinations in the 2nd quarter worth $152,000.

About Wyndham Destinations

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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Analyst Recommendations for Wyndham Destinations (NASDAQ:WYND)

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