Wyndham Worldwide (NYSE:WYN) was upgraded by equities researchers at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Friday, Marketbeat reports.
A number of other equities research analysts have also issued reports on WYN. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Stifel Nicolaus increased 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. Macquarie assumed coverage on shares of Wyndham Worldwide in a report on Friday, January 5th. They set an “underperform” rating for the company. Zacks Investment Research raised shares of Wyndham Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Wolfe Research raised shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $122.50.
Wyndham Worldwide (NYSE:WYN) traded up $4.26 during midday trading on Friday, reaching $126.99. 2,219,198 shares of the company’s stock were exchanged, compared to its average volume of 807,716. Wyndham Worldwide has a 12 month low of $77.74 and a 12 month high of $127.96. The company has a market cap of $12,435.77, a PE ratio of 22.76 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 (NYSE:WYN) last released its earnings results on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the business earned $1.89 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. sell-side analysts predict that Wyndham Worldwide will post 6.04 earnings per share for the current fiscal year.
Wyndham Worldwide announced that its Board of Directors has initiated a share repurchase plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In related news, Director George Herrera sold 311 shares of the firm’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott G. Mclester sold 15,381 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 8,917 shares of the company’s stock, valued at $1,025,455. The disclosure for this sale can be found here. Company insiders own 2.39% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. San Francisco Sentry Investment Group CA purchased a new position in shares of Wyndham Worldwide in the second quarter valued at $158,000. Jane Street Group LLC purchased a new position in shares of Wyndham Worldwide in the third quarter valued at $209,000. Rational Advisors LLC purchased a new position in shares of Wyndham Worldwide in the third quarter valued at $253,000. Cetera Investment Advisers purchased a new position in shares of Wyndham Worldwide in the second quarter valued at $300,000. Finally, ETRADE Capital Management LLC grew 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 in the last quarter. 94.01% of the stock is 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.