Wyndham Worldwide Corp. PT Raised to $82.00 at SunTrust (WYN)
Equities researchers at SunTrust hoisted their price objective on shares of Wyndham Worldwide Corp. (NYSE:WYN) from $72.00 to $82.00 in a research report issued on Friday, AmericanBankingNews.com reports. SunTrust’s price objective would suggest a potential upside of 16.58% from the stock’s previous close.
Shares of Wyndham Worldwide Corp. (NYSE:WYN) traded down 2.82% on Friday, hitting $70.34. 5,819,465 shares of the company’s stock traded hands. Wyndham Worldwide Corp. has a 52-week low of $52.84 and a 52-week high of $75.25. The stock has a 50-day moving average of $72.52 and a 200-day moving average of $66.20. The company has a market cap of $9.144 billion and a P/E ratio of 23.12.
Wyndham Worldwide Corp. (NYSE:WYN) last released its earnings data on Friday, February 7th. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.73. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.63 earnings per share. Wyndham Worldwide Corp.’s revenue was up 9.2% compared to the same quarter last year.
A number of other analysts have also recently weighed in on WYN. Analysts at JMP Securities initiated coverage on shares of Wyndham Worldwide Corp. in a research note to investors on Thursday, January 23rd. They set an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Wyndham Worldwide Corp. from $72.00 to $84.00 in a research note to investors on Wednesday, January 8th. They now have an “outperform” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $77.17.
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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