Wyndham Worldwide Hits New 1-Year High at $76.65 (WYN)
Wyndham Worldwide (NYSE:WYN) reached a new 52-week high on Friday , American Banking News.com reports. The company traded as high as $76.65 and last traded at $76.57, with a volume of 487,600 shares traded. The stock had previously closed at $75.99.
A number of analysts have recently weighed in on WYN shares. Analysts at Zacks reiterated a “neutral” rating on shares of Wyndham Worldwide in a research note on Thursday, June 19th. They now have a $77.00 price target on the stock. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $79.70.
The stock’s 50-day moving average is $73.65 and its 200-day moving average is $72.59. The company has a market cap of $9.724 billion and a price-to-earnings ratio of 20.34.
Wyndham Worldwide (NYSE:WYN) last announced its earnings results on Thursday, April 24th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $0.71 earnings per share. Wyndham Worldwide’s revenue was up 5.3% compared to the same quarter last year. Analysts expect that Wyndham Worldwide will post $4.36 EPS for the current fiscal year.
In other Wyndham Worldwide news, CEO Geoffrey A. Ballotti sold 70,271 shares of the stock on the open market in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $75.00, for a total transaction of $5,270,325.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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