Wyndham Worldwide Corp. Given New $70.00 Price Target at Janney Montgomery Scott (WYN)
Equities research analysts at Janney Montgomery Scott raised their price objective on shares of Wyndham Worldwide Corp. (NYSE:WYN) from $67.00 to $70.00 in a research note issued to investors on Friday, ARN reports. The firm currently has a “neutral” rating on the stock. Janney Montgomery Scott’s price target would suggest a potential upside of 3.93% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Wyndham Worldwide Corp. in a research note to investors on Thursday. They now have a $69.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Wyndham Worldwide Corp. in a research note to investors on Thursday. They now have a $67.00 price target on the stock, up previously from $62.00. Finally, analysts at FBR Capital Markets raised their price target on shares of Wyndham Worldwide Corp. from $70.00 to $72.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $72.09.
Wyndham Worldwide Corp. (NYSE:WYN) traded up 0.43% during mid-day trading on Friday, hitting $67.35. 859,834 shares of the company’s stock traded hands. Wyndham Worldwide Corp. has a one year low of $47.95 and a one year high of $65.30. The stock’s 50-day moving average is $60.79 and its 200-day moving average is $60.86. The company has a market cap of $8.958 billion and a P/E ratio of 23.43.
Wyndham Worldwide Corp. (NYSE:WYN) last released its earnings data on Wednesday, October 23rd. The company reported $1.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.36 by $0.04. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $1.13 earnings per share. Wyndham Worldwide Corp.’s revenue was up 12.5% compared to the same quarter last 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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