Wyndham Worldwide (WYN) Given “Buy” Rating at Stifel Nicolaus

Wyndham Worldwide (NYSE:WYN)‘s stock had its “buy” rating reiterated by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday. They currently have a $130.00 price objective on the stock. Stifel Nicolaus’ price target suggests a potential upside of 2.37% from the company’s previous close.

A number of other research firms have also issued reports on WYN. Jefferies Group began coverage on Wyndham Worldwide in a report on Friday. They issued a “buy” rating and a $202.00 target price on the stock. Goldman Sachs Group raised Wyndham Worldwide from a “neutral” rating to a “buy” rating in a report on Friday. ValuEngine raised Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Macquarie began coverage on Wyndham Worldwide in a report on Friday, January 5th. They issued an “underperform” rating on the stock. Finally, Zacks Investment Research raised Wyndham Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $122.50.

Wyndham Worldwide (NYSE:WYN) traded up $4.26 during trading hours on Friday, hitting $126.99. The stock had a trading volume of 2,219,198 shares, compared to its average volume of 1,159,938. The firm has a market capitalization of $12,870.00, a price-to-earnings ratio of 22.80 and a beta of 1.36. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96. Wyndham Worldwide has a 1-year low of $77.74 and a 1-year high of $127.96.

Wyndham Worldwide (NYSE:WYN) last released its earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.01. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 earnings per share. analysts expect that Wyndham Worldwide will post 6.04 earnings per share for the current fiscal year.

Wyndham Worldwide declared that its Board of Directors has authorized a share buyback program on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In related news, VP Scott G. Mclester sold 15,381 shares of the company’s stock in a transaction on 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 transaction, the vice president now owns 8,917 shares of the company’s stock, valued at $1,025,455. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George Herrera sold 311 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total value of $32,910.02. The disclosure for this sale can be found here. Corporate insiders own 2.39% of the company’s stock.

A number of hedge funds have recently made changes to their positions in WYN. Ameriprise Financial Inc. boosted its position in Wyndham Worldwide by 29.4% during the second quarter. Ameriprise Financial Inc. now owns 86,503 shares of the company’s stock worth $8,695,000 after purchasing an additional 19,637 shares in the last quarter. BlackRock Inc. boosted its position in Wyndham Worldwide by 1.3% during the second quarter. BlackRock Inc. now owns 6,586,534 shares of the company’s stock worth $661,354,000 after purchasing an additional 83,501 shares in the last quarter. Amalgamated Bank boosted its position in Wyndham Worldwide by 49.5% during the second quarter. Amalgamated Bank now owns 12,408 shares of the company’s stock worth $1,246,000 after purchasing an additional 4,108 shares in the last quarter. Profund Advisors LLC boosted its position in Wyndham Worldwide by 20.5% during the second quarter. Profund Advisors LLC now owns 3,594 shares of the company’s stock worth $361,000 after purchasing an additional 611 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in Wyndham Worldwide by 0.4% during the second quarter. ProShare Advisors LLC now owns 28,622 shares of the company’s stock worth $2,874,000 after purchasing an additional 128 shares in the last quarter. 94.01% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Wyndham Worldwide (NYSE:WYN)

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