Wyndham Worldwide Corp (WYN) Rating Lowered to Market Perform at Telsey Advisory Group
Wyndham Worldwide Corp (NYSE:WYN) was downgraded by Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a research note issued on Friday, MarketBeat Ratings reports. They presently have a $115.00 price target on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 12.46% from the company’s current price.
Several other analysts also recently weighed in on the stock. Buckingham Research assumed coverage on shares of Wyndham Worldwide Corp in a research report on Monday, June 19th. They set a “buy” rating and a $114.00 target price on the stock. Stifel Nicolaus dropped their target price on shares of Wyndham Worldwide Corp from $108.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, May 1st. Zacks Investment Research downgraded shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub downgraded shares of Wyndham Worldwide Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Finally, MKM Partners reissued a “buy” rating and set a $111.00 target price (up previously from $95.00) on shares of Wyndham Worldwide Corp in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $99.22.
Shares of Wyndham Worldwide Corp (WYN) traded down 0.04% on Friday, hitting $102.26. 1,851,978 shares of the stock traded hands. The stock has a market cap of $10.66 billion, a P/E ratio of 18.82 and a beta of 1.34. The stock’s 50 day moving average price is $102.49 and its 200 day moving average price is $91.67. Wyndham Worldwide Corp has a 52-week low of $62.60 and a 52-week high of $105.86. Wyndham Worldwide Corp also was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 11,962 call options on the company. This is an increase of approximately 1,590% compared to the average volume of 708 call options.
Wyndham Worldwide Corp (NYSE:WYN) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.03. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 86.93%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm earned $1.40 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Wyndham Worldwide Corp will post $6.19 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC boosted its stake in shares of Wyndham Worldwide Corp by 15.9% in the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $123,000 after buying an additional 201 shares during the last quarter. TrimTabs Asset Management LLC boosted its stake in shares of Wyndham Worldwide Corp by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the company’s stock valued at $135,000 after buying an additional 752 shares during the last quarter. Dubuque Bank & Trust Co. boosted its stake in shares of Wyndham Worldwide Corp by 125.0% in the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock valued at $149,000 after buying an additional 824 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Wyndham Worldwide Corp by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,987 shares of the company’s stock valued at $167,000 after buying an additional 66 shares during the last quarter. Finally, Smithfield Trust Co. acquired a new stake in shares of Wyndham Worldwide Corp during the second quarter valued at approximately $170,000. Institutional investors and hedge funds own 93.14% of the company’s stock.
About Wyndham Worldwide Corp
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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