Investment analysts at Jefferies Group started coverage on shares of Wyndham Worldwide (NYSE:WYN) in a research report issued to clients and investors on Friday. The firm set a “buy” rating and a $202.00 price target on the stock. Jefferies Group’s price target suggests a potential upside of 59.07% from the company’s previous close.
Other analysts also recently issued reports about the stock. Goldman Sachs Group upgraded shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a report on Friday. Macquarie assumed coverage on shares of Wyndham Worldwide in a report on Friday, January 5th. They issued an “underperform” rating on the stock. Zacks Investment Research downgraded shares of Wyndham Worldwide from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Stifel Nicolaus lifted their price objective on shares of Wyndham Worldwide from $113.00 to $123.00 in a report on Friday, January 5th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Wyndham Worldwide presently has an average rating of “Hold” and an average target price of $122.50.
Shares of Wyndham Worldwide (NYSE WYN) traded up $4.26 on Friday, reaching $126.99. 2,219,198 shares of the company’s stock were exchanged, compared to its average volume of 807,716. 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. The company has a market capitalization of $12,435.77, a price-to-earnings ratio of 22.76 and a beta of 1.36.
Wyndham Worldwide (NYSE:WYN) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. research analysts forecast that Wyndham Worldwide will post 6.04 EPS for the current year.
Wyndham Worldwide declared that its Board of Directors has authorized a share buyback program on Wednesday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
In related news, Director George Herrera sold 311 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were 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 hyperlink. Also, VP Scott G. Mclester sold 15,381 shares of the business’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 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 insiders.
A number of institutional investors and hedge funds have recently modified their holdings of WYN. San Francisco Sentry Investment Group CA acquired a new position in shares of Wyndham Worldwide in the second quarter valued at $158,000. Jane Street Group LLC acquired a new position in shares of Wyndham Worldwide in the third quarter valued at $209,000. Rational Advisors LLC acquired a new position in shares of Wyndham Worldwide in the third quarter valued at $253,000. Cetera Investment Advisers acquired a new position in shares of Wyndham Worldwide in the second quarter valued at $300,000. Finally, ETRADE Capital Management LLC increased its holdings in shares of Wyndham Worldwide by 16.0% in the second quarter. ETRADE Capital Management LLC now owns 3,089 shares of the company’s stock valued at $310,000 after purchasing an additional 425 shares during the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.
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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.