Shares of Wyndham Worldwide (NYSE:WYN) have been assigned an average rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $138.33.
Several research analysts have issued reports on WYN shares. Zacks Investment Research upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research note on Friday, March 30th. TheStreet upgraded Wyndham Worldwide from a “c” rating to a “b” rating in a research note on Friday, May 18th. Credit Suisse Group started coverage on Wyndham Worldwide in a research note on Friday, May 18th. They set a “neutral” rating and a $116.00 price objective for the company. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $131.00 price objective (down from $135.00) on shares of Wyndham Worldwide in a research note on Monday, May 7th.
Shares of NYSE WYN opened at $108.44 on Wednesday. The company has a debt-to-equity ratio of 9.19, a current ratio of 1.19 and a quick ratio of 1.08. The firm has a market capitalization of $11.06 billion, a P/E ratio of 19.72 and a beta of 1.36. Wyndham Worldwide has a one year low of $95.30 and a one year high of $127.96.
Wyndham Worldwide (NYSE:WYN) last issued its earnings results on Wednesday, May 2nd. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.06. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.26 billion. Wyndham Worldwide had a return on equity of 94.96% and a net margin of 13.78%. Wyndham Worldwide’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. equities analysts anticipate that Wyndham Worldwide will post 7.33 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Shareholders of record on Friday, June 15th were paid a dividend of $0.41 per share. The ex-dividend date was Thursday, June 14th. This represents a $1.64 annualized dividend and a yield of 1.51%. Wyndham Worldwide’s dividend payout ratio is currently 48.00%.
In other news, Director George Herrera sold 313 shares of the stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $111.51, for a total transaction of $34,902.63. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.18% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in WYN. Synovus Financial Corp bought a new stake in shares of Wyndham Worldwide during the first quarter worth $117,000. We Are One Seven LLC bought a new stake in shares of Wyndham Worldwide during the fourth quarter worth $171,000. Bayesian Capital Management LP bought a new stake in shares of Wyndham Worldwide during the first quarter worth $206,000. NuWave Investment Management LLC grew its holdings in shares of Wyndham Worldwide by 2,703.0% during the first quarter. NuWave Investment Management LLC now owns 1,850 shares of the company’s stock worth $211,000 after purchasing an additional 1,784 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new stake in shares of Wyndham Worldwide during the first quarter worth $212,000. Institutional investors own 90.14% of the company’s stock.
About Wyndham Worldwide
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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