Wyndham Worldwide PT Raised to $96.00 (WYN)
Equities research analysts at MKM Partners raised their price objective on shares of Wyndham Worldwide (NYSE:WYN) from $82.00 to $96.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. MKM Partners’ target price suggests a potential upside of 25.77% from the company’s current price.
In other Wyndham Worldwide news, CFO Thomas G. Conforti sold 28,659 shares of Wyndham Worldwide stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $78.25, for a total value of $2,242,566.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on WYN. Analysts at Zacks reiterated a “neutral” rating on shares of Wyndham Worldwide in a research note on Monday, July 28th. They now have a $82.00 price target on the stock. Separately, analysts at JMP Securities reiterated a “market outperform” rating on shares of Wyndham Worldwide in a research note on Friday, July 25th. They now have a $90.00 price target on the stock, up previously from $84.00. Finally, analysts at FBR Capital Markets raised their price target on shares of Wyndham Worldwide from $85.00 to $87.00 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Wyndham Worldwide has a consensus rating of “Buy” and an average target price of $82.09.
Shares of Wyndham Worldwide (NYSE:WYN) traded up 2.99% on Monday, hitting $78.61. The stock had a trading volume of 654,031 shares. 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 $76.17 and a 200-day moving average of $73.26. The company has a market cap of $9.826 billion and a price-to-earnings ratio of 19.34.
Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.17 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.98 earnings per share. Wyndham Worldwide’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Wyndham Worldwide will post $4.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Thursday, August 21st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, August 19th.
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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