Wyndham Worldwide Hits New 12-Month High on Analyst Upgrade (WYN)
Shares of Wyndham Worldwide (NYSE:WYN) reached a new 52-week high on Thursday after Stifel Nicolaus raised their price target on the stock from $85.00 to $95.00, AnalystRatingsNetwork reports. Stifel Nicolaus currently has a buy rating on the stock. Wyndham Worldwide traded as high as $82.48 and last traded at $82.07, with a volume of 336,674 shares traded. The stock had previously closed at $81.24.
WYN has been the subject of a number of other recent research reports. Analysts at MKM Partners raised their price target on shares of Wyndham Worldwide from $82.00 to $96.00 in a research note on Monday, August 11th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Wyndham Worldwide currently has an average rating of “Buy” and a consensus target price of $83.00.
In other Wyndham Worldwide news, CEO Franz S. Hanning sold 39,751 shares of Wyndham Worldwide stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $80.00, for a total value of $3,180,080.00. The sale was disclosed in a filing with the SEC, which is available at this link.
The stock has a 50-day moving average of $78.09 and a 200-day moving average of $74.32. The company has a market cap of $10.264 billion and a P/E ratio of 20.59.
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. Analysts expect that Wyndham Worldwide will post $4.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders 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 1.72%. 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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