Oppenheimer set a $66.00 price objective on Wyndham Destinations (NASDAQ:WYND) in a report published on Thursday. The brokerage currently has a buy rating on the stock.
Several other analysts have also issued reports on WYND. Jefferies Financial Group initiated coverage on Wyndham Destinations in a report on Monday, July 16th. They set a buy rating and a $65.00 price target for the company. TheStreet raised Wyndham Destinations from a c rating to a b rating in a research note on Monday, July 16th. Zacks Investment Research raised Wyndham Destinations from a strong sell rating to a hold rating in a research note on Tuesday, July 31st. Finally, Credit Suisse Group dropped their price objective on 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Wyndham Destinations currently has a consensus rating of Buy and a consensus price target of $57.50.
NASDAQ:WYND opened at $43.16 on Thursday. Wyndham Destinations has a 52-week low of $33.61 and a 52-week high of $57.67.
Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings results on Thursday, November 1st. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The company 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, insider Michael Dean Brown acquired 6,000 shares of the company’s 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 747 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $44.61, for a total value of $33,323.67. The disclosure for this sale can be found here.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WYND. Tower Research Capital LLC TRC bought a new position in shares of Wyndham Destinations in the second quarter worth about $103,000. CENTRAL TRUST Co purchased a new stake in shares of Wyndham Destinations in the second quarter worth about $110,000. Huntington National Bank purchased a new stake in shares of Wyndham Destinations in the second quarter worth about $128,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Wyndham Destinations in the second quarter worth about $146,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in shares of Wyndham Destinations in the second quarter worth about $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.
Featured Article: Stock Symbol
Receive News & Ratings for Wyndham Destinations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Destinations and related companies with MarketBeat.com's FREE daily email newsletter.