Wyndham Worldwide Shares Gap Up After Analyst Upgrade (WYN)
Wyndham Worldwide (NYSE:WYN) gapped up prior to trading on Monday after MKM Partners raised their price target on the stock from $82.00 to $96.00, Analyst Ratings.Net reports. The stock had previously closed at $75.96, but opened at $76.33. MKM Partners currently has a buy rating on the stock. Wyndham Worldwide shares last traded at $78.36, with a volume of 806,010 shares trading hands.
WYN has been the subject of a number of other recent research reports. 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 stock. Wyndham Worldwide presently has an average rating of “Buy” and a consensus price target of $82.09.
In other Wyndham Worldwide news, CFO Thomas G. Conforti unloaded 28,659 shares of Wyndham Worldwide stock in a transaction that occurred on Monday, July 28th. The stock was 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 SEC, which can be accessed through this link.
The stock’s 50-day moving average is $76.17 and its 200-day moving average is $73.26. The company has a market cap of $9.786 billion and a price-to-earnings ratio of 19.34.
Wyndham Worldwide (NYSE:WYN) last released its earnings data 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. On average, analysts predict that Wyndham Worldwide will post $4.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.83%. The ex-dividend date 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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