Wyndham Worldwide Corp. PT Raised to $78.00 (WYN)
Equities research analysts at JPMorgan Chase & Co. lifted their price target on shares of Wyndham Worldwide Corp. (NYSE:WYN) from $70.00 to $78.00 in a research note issued to investors on Tuesday, American Banking News reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 19.34% from the company’s current price.
A number of other firms have also recently commented on WYN. Analysts at McLean Capital Management downgraded shares of Wyndham Worldwide Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Friday, October 11th. Separately, analysts at Zacks downgraded shares of Wyndham Worldwide Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 24th. They now have a $65.00 price target on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Wyndham Worldwide Corp. in a research note to investors on Monday, August 5th. They now have a $76.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $70.27.
Shares of Wyndham Worldwide Corp. (NYSE:WYN) traded up 1.84% during mid-day trading on Tuesday, hitting $65.36. The stock had a trading volume of 1,507,209 shares. Wyndham Worldwide Corp. has a one year low of $47.95 and a one year high of $65.30. The stock has a 50-day moving average of $60.79 and a 200-day moving average of $60.86. The company has a market cap of $8.693 billion and a price-to-earnings ratio of 22.42. Wyndham Worldwide Corp. also was the target of some unusual options trading activity on Monday. Investors purchased 14,207 put options on the stock. This represents an increase of 1,828% compared to the typical volume of 737 put options.
Wyndham Worldwide Corp. (NYSE:WYN) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.07. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that Wyndham Worldwide Corp. will post $3.75 EPS for the current fiscal year.
Wyndham Worldwide Corporation is a hospitality company. The Company offers individual consumers and business customers an array of hospitality services and products across various accommodation alternatives and price ranges through its portfolio of brands.
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