Macquarie Initiates Coverage on Wyndham Worldwide (WYN)

Stock analysts at Macquarie started coverage on shares of Wyndham Worldwide (NYSE:WYN) in a report issued on Friday, The Fly reports. The brokerage set an “underperform” rating on the stock.

A number of other brokerages have also recently issued reports on WYN. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Wyndham Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Wolfe Research upgraded shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $108.29.

Shares of Wyndham Worldwide (NYSE:WYN) opened at $115.73 on Friday. Wyndham Worldwide has a 1-year low of $75.80 and a 1-year high of $117.95. The stock has a market capitalization of $11,730.00, a P/E ratio of 20.78 and a beta of 1.36. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00.

Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. equities research analysts expect that Wyndham Worldwide will post 6.04 EPS for the current year.

Wyndham Worldwide announced that its board has authorized a share repurchase plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

In other news, Director George Herrera sold 311 shares of Wyndham Worldwide stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total value of $32,910.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the completion of the sale, the vice president now owns 8,917 shares of the company’s stock, valued at $1,025,455. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in Wyndham Worldwide by 0.3% during the first quarter. IFP Advisors Inc now owns 1,370 shares of the company’s stock valued at $105,000 after purchasing an additional 4 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its position in Wyndham Worldwide by 56.9% during the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,503 shares of the company’s stock valued at $107,000 after purchasing an additional 545 shares in the last quarter. IHT Wealth Management LLC raised its position in Wyndham Worldwide by 15.9% during the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $123,000 after purchasing an additional 201 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Wyndham Worldwide by 13.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the company’s stock valued at $126,000 after purchasing an additional 214 shares in the last quarter. Finally, TrimTabs Asset Management LLC raised its position in Wyndham Worldwide by 88.9% during the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the company’s stock valued at $135,000 after purchasing an additional 752 shares in the last quarter. Institutional investors own 93.92% of the company’s stock.

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About Wyndham Worldwide

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.