Wyndham Worldwide Corp (WYN) Lifted to “Hold” at Zacks Investment Research
Wyndham Worldwide Corp (NYSE:WYN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
According to Zacks, “Wyndham shares have outpaced its industry in the last year. The plan to spin-off its Hotel Group segment is expected to increase the fit, focus and strategic flexibility of both the post spin-off companies. Going forward, Wyndham’s strong developmental pipeline, large international exposure and prudent acquisitions should boost earnings. Initiatives to increase occupancy like the remodeled loyalty program, technological upgrades and marketing efforts are expected to drive growth too. Focus on returning wealth to shareholders through buybacks and dividend hikes also bode well. It has a positive record of earnings surprises in recent quarters and estimates are stable ahead of its third-quarter earnings release. Lingering global uncertainties in some economies and currency fluctuations might limit revenue growth in the near term. Also, soft demand in oil producing regions might hurt RevPAR.”
Several other equities research analysts have also recently weighed in on the stock. BidaskClub cut shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Telsey Advisory Group cut shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a research report on Friday, August 4th. Stifel Nicolaus reissued a “buy” rating and set a $110.00 price target (up previously from $108.00) on shares of Wyndham Worldwide Corp in a research report on Thursday, June 22nd. Finally, Buckingham Research began coverage on shares of Wyndham Worldwide Corp in a research report on Monday, June 19th. They set a “buy” rating and a $114.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $100.43.
Wyndham Worldwide Corp (NYSE:WYN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.03. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS.
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In other Wyndham Worldwide Corp news, Director George Herrera sold 323 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $97.60, for a total value of $31,524.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.39% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the stock. Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Wyndham Worldwide Corp by 30.9% in the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 21,840 shares of the company’s stock worth $1,866,000 after acquiring an additional 5,150 shares in the last quarter. Pensionfund Sabic bought a new position in shares of Wyndham Worldwide Corp in the 3rd quarter worth about $1,687,000. Pensionfund DSM Netherlands bought a new position in shares of Wyndham Worldwide Corp in the 3rd quarter worth about $3,057,000. Gs Investments Inc. bought a new position in shares of Wyndham Worldwide Corp in the 2nd quarter worth about $602,000. Finally, Achmea Investment Management B.V. increased its stake in shares of Wyndham Worldwide Corp by 137.2% in the 2nd quarter. Achmea Investment Management B.V. now owns 23,772 shares of the company’s stock worth $2,385,000 after acquiring an additional 13,749 shares in the last quarter. Institutional investors own 94.99% 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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