Wyndham Worldwide Corp. PT Raised to $84.00 at FBR Capital Markets (WYN)
Stock analysts at FBR Capital Markets boosted their price target on shares of Wyndham Worldwide Corp. (NYSE:WYN) from $72.00 to $84.00 in a report issued on Wednesday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price indicates a potential upside of 15.85% from the stock’s previous close.
Wyndham Worldwide Corp. (NYSE:WYN) traded up 1.07% during mid-day trading on Wednesday, hitting $72.51. 1,451,585 shares of the company’s stock traded hands. Wyndham Worldwide Corp. has a one year low of $52.84 and a one year high of $74.18. The stock has a 50-day moving average of $71.73 and a 200-day moving average of $64.1. The company has a market cap of $9.426 billion and a price-to-earnings ratio of 22.91.
Wyndham Worldwide Corp. (NYSE:WYN) last released its earnings data on Wednesday, October 23rd. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts predict that Wyndham Worldwide Corp. will post $3.82 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on WYN. Analysts at Zacks upgraded shares of Wyndham Worldwide Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 31st. They now have a $88.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Wyndham Worldwide Corp. from $75.00 to $82.00 in a research note to investors on Wednesday, December 18th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Wyndham Worldwide Corp. from $75.00 to $85.00 in a research note to investors on Tuesday, December 3rd. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Wyndham Worldwide Corp. has a consensus rating of “Buy” and a consensus price target of $76.33.
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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