Wyndham Worldwide (NYSE:WYN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Wyndham’s shares have outperformed S&P 500 in the last year. The company’s plan to spin-off its Hotel Group segment is expected to increase the fit, focus and strategic flexibility of both the companies. Going forward, Wyndham’s strong developmental pipeline, large international exposure and prudent acquisitions should boost earnings. Initiatives to increase occupancy like the remodeled loyalty program, technological upgrades and marketing efforts are expected to drive growth too. Focus on returning wealth to shareholders through buybacks and dividend hikes also bode well. It has a positive record of earnings surprises in recent quarters and estimates are stable ahead of its fourth-quarter earnings release. Lingering global uncertainties in some economies and currency fluctuations might limit revenue growth in the near term. Also, soft demand in oil producing regions might hurt RevPAR.”
Other equities research analysts also recently issued research reports about the company. Oppenheimer began coverage on Wyndham Worldwide in a research report on Monday, April 2nd. They issued an “outperform” rating and a $135.00 target price for the company. SunTrust Banks upped their target price on Wyndham Worldwide to $131.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 target price on shares of Wyndham Worldwide in a research report on Friday, January 19th. Macquarie began coverage on Wyndham Worldwide in a research report on Friday, January 5th. They issued an “underperform” rating for the company. Finally, Jefferies Group began coverage on Wyndham Worldwide in a research report on Friday, January 19th. They issued a “buy” rating and a $202.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $133.25.
Shares of NYSE:WYN opened at $114.83 on Tuesday. The stock has a market cap of $11,147.09, a price-to-earnings ratio of 20.88 and a beta of 1.35. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 6.44. Wyndham Worldwide has a 12 month low of $88.43 and a 12 month high of $127.96.
Wyndham Worldwide (NYSE:WYN) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm posted $1.35 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. research analysts predict that Wyndham Worldwide will post 7.17 EPS for the current fiscal year.
In related news, Director George Herrera sold 270 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $121.76, for a total value of $32,875.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Myra J. Biblowit sold 2,500 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $121.00, for a total value of $302,500.00. Following the completion of the transaction, the director now directly owns 7,924 shares of the company’s stock, valued at approximately $958,804. The disclosure for this sale can be found here. Insiders sold 19,510 shares of company stock valued at $2,273,541 in the last three months. 2.18% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Lourd Capital LLC purchased a new position in Wyndham Worldwide in the fourth quarter valued at about $231,000. Palo Capital Inc. boosted its holdings in Wyndham Worldwide by 10.3% in the fourth quarter. Palo Capital Inc. now owns 23,705 shares of the company’s stock valued at $2,747,000 after purchasing an additional 2,222 shares during the last quarter. AMP Capital Investors Ltd boosted its holdings in Wyndham Worldwide by 40.3% in the fourth quarter. AMP Capital Investors Ltd now owns 61,339 shares of the company’s stock valued at $7,108,000 after purchasing an additional 17,610 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Wyndham Worldwide by 68.5% during the 4th quarter. State of Alaska Department of Revenue now owns 18,228 shares of the company’s stock worth $2,111,000 after buying an additional 7,410 shares during the last quarter. Finally, Shell Asset Management Co. lifted its holdings in Wyndham Worldwide by 20.3% during the 4th quarter. Shell Asset Management Co. now owns 40,577 shares of the company’s stock worth $4,702,000 after buying an additional 6,839 shares during the last quarter. 93.03% of the stock is owned by hedge funds and other institutional investors.
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Wyndham Worldwide Company Profile
Wyndham Worldwide Corporation provides hospitality services and products to individual and business customers worldwide. It operates through three segments: Hotel Group, Destination Network, and Vacation Ownership. The Hotel Group segment primarily franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, as well as provides property management services for full-service and select limited-service hotels.
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