Wyndham Worldwide (NYSE:WYN) had its price objective hoisted by equities research analysts at Stifel Nicolaus from $113.00 to $123.00 in a note issued to investors on Friday, The Fly reports. Stifel Nicolaus’ price target suggests a potential upside of 6.28% from the company’s previous close. The analysts noted that the move was a valuation call.
A number of other research analysts have also recently commented on WYN. Macquarie assumed coverage on Wyndham Worldwide in a research note on Friday. They set an “underperform” rating on the stock. 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 Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $110.14.
Wyndham Worldwide (WYN) opened at $115.73 on Friday. The firm has a market capitalization of $11,905.83, a price-to-earnings ratio of 20.74 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 has a 52-week low of $75.80 and a 52-week high of $117.95.
Wyndham Worldwide (NYSE:WYN) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the business earned $1.89 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. equities analysts anticipate that Wyndham Worldwide will post 6.04 EPS for the current fiscal year.
Wyndham Worldwide announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
In other Wyndham Worldwide news, Director George Herrera sold 311 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total transaction of $32,910.02. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott G. Mclester sold 15,381 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the sale, the vice president now directly owns 8,917 shares in the company, valued at $1,025,455. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of WYN. FMR LLC lifted its stake in Wyndham Worldwide by 88.5% in the 2nd quarter. FMR LLC now owns 9,483,756 shares of the company’s stock valued at $952,263,000 after buying an additional 4,451,772 shares in the last quarter. Elliott Management Corp purchased a new position in Wyndham Worldwide in the 2nd quarter worth approximately $80,329,000. JPMorgan Chase & Co. lifted its stake in Wyndham Worldwide by 52.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock worth $213,136,000 after purchasing an additional 695,118 shares in the last quarter. Iridian Asset Management LLC CT lifted its stake in Wyndham Worldwide by 40.6% in the 3rd quarter. Iridian Asset Management LLC CT now owns 2,188,588 shares of the company’s stock worth $230,699,000 after purchasing an additional 631,648 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Wyndham Worldwide by 479.7% in the 3rd quarter. Janus Henderson Group PLC now owns 726,274 shares of the company’s stock worth $76,556,000 after purchasing an additional 600,980 shares in the last quarter. 93.92% of the stock is currently owned by hedge funds and other institutional investors.
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Wyndham Worldwide Company Profile
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.