Wyndham Worldwide PT Raised to $87.00 (WYN)
Research analysts at FBR Capital Markets upped their target price on shares of Wyndham Worldwide (NYSE:WYN) from $85.00 to $87.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price would indicate a potential upside of 11.35% from the stock’s previous close.
Shares of Wyndham Worldwide (NYSE:WYN) opened at 78.13 on Friday. Wyndham Worldwide has a 52 week low of $58.00 and a 52 week high of $78.98. The stock has a 50-day moving average of $75.37 and a 200-day moving average of $73.03. The company has a market cap of $9.923 billion and a P/E ratio of 20.88.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.14 by $0.03. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts expect that Wyndham Worldwide will post $4.41 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Wyndham Worldwide in a research note on Wednesday, July 9th. They now have a $73.00 price target on the stock, up previously from $68.00. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $80.36.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.