Wyndham Worldwide Receives “Neutral” Rating from Zacks (WYN)
Wyndham Worldwide (NYSE:WYN)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued to clients and investors on Thursday. They currently have a $77.00 price target on the stock. Zacks‘s price target would indicate a potential upside of 5.26% from the company’s current price.
Zacks’ analyst wrote, “Wyndham’s first-quarter 2014 adjusted earnings per share of $0.78 beat the Zacks Consensus Estimate by 4.0% and the year-ago figure by 9.9%. Solid revenues and lower share count led to the earnings beat. Further, net revenue grew 5.6% year over year and beat the Zacks Consensus Estimate. Solid revenue growth in all the three operating segments aided quarterly sales. Overall, Wyndham’s strong developmental pipeline, significant international exposure and transition to a growing fee-for-service-based business are expected to spur growth. Shareholder-friendly steps such as dividend hike also inspire optimism on the stock. However, the lingering political uncertainty in Latin America and in some parts of Africa and an economic slowdown in China are expected to limit sales growth. Moreover, an uncertain political situation in Ukraine will have a negative impact on the economic sentiment in the Eurozone, thereby impacting the revenues of the company. Also, fluctuation in exchange rates will add to the woes.”
In other Wyndham Worldwide news, CEO Geoffrey A. Ballotti sold 3,899 shares of Wyndham Worldwide stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $75.00, for a total value of $292,425.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Wyndham Worldwide (NYSE:WYN) traded up 1.31% on Thursday, hitting $74.105. The stock had a trading volume of 704,377 shares. Wyndham Worldwide has a 1-year low of $52.84 and a 1-year high of $76.63. The stock’s 50-day moving average is $72.59 and its 200-day moving average is $72.30. The company has a market cap of $9.411 billion and a P/E ratio of 19.58.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that Wyndham Worldwide will post $4.36 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Wyndham Worldwide from $82.00 to $85.00 in a research note on Friday, June 6th. They now have an “overweight” rating on the stock. Separately, analysts at Nomura raised their price target on shares of Wyndham Worldwide from $71.00 to $81.00 in a research note on Friday, May 30th. Finally, analysts at FBR Capital Markets raised their price target on shares of Wyndham Worldwide from $10.00 to $95.00 in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.70.
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.
To view Zacks’ full report, visit Zacks’ official website.
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