Wyndham Worldwide Corp. (NYSE:WYN)‘s stock had its “neutral” rating restated by stock analysts at Nomura in a report released on Thursday. They presently have a $69.00 target price on the stock, down from their previous target price of $75.00. Nomura’s price target indicates a potential upside of 6.19% from the company’s previous close.
WYN has been the subject of a number of other research reports. Deutsche Bank AG dropped their price target on Wyndham Worldwide Corp. from $64.00 to $62.00 and set a “hold” rating for the company in a research report on Thursday, July 28th. MKM Partners reaffirmed a “buy” rating on shares of Wyndham Worldwide Corp. in a research note on Thursday, July 28th. Zacks Investment Research lowered Wyndham Worldwide Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Telsey Advisory Group decreased their price objective on Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Thursday, July 28th. Finally, Wolfe Research began coverage on Wyndham Worldwide Corp. in a research note on Wednesday, July 6th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Wyndham Worldwide Corp. has an average rating of “Hold” and an average target price of $78.50.
Wyndham Worldwide Corp. (NYSE:WYN) opened at 64.98 on Thursday. The firm has a market cap of $7.14 billion, a PE ratio of 12.46 and a beta of 1.26. The stock’s 50 day moving average is $67.32 and its 200 day moving average is $70.06. Wyndham Worldwide Corp. has a 12 month low of $60.59 and a 12 month high of $82.99.
Wyndham Worldwide Corp. (NYSE:WYN) last released its quarterly earnings data on Wednesday, October 26th. The company reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.02. The firm earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Wyndham Worldwide Corp. had a return on equity of 71.67% and a net margin of 10.52%. Wyndham Worldwide Corp.’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. On average, equities analysts forecast that Wyndham Worldwide Corp. will post $5.70 earnings per share for the current year.
In other Wyndham Worldwide Corp. news, Director George Herrera sold 463 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $71.71, for a total value of $33,201.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.03% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management raised its position in Wyndham Worldwide Corp. by 1,165.1% in the second quarter. LSV Asset Management now owns 2,943,874 shares of the company’s stock valued at $209,692,000 after buying an additional 2,711,174 shares in the last quarter. Bank of Montreal Can purchased a new position in Wyndham Worldwide Corp. during the second quarter valued at $119,968,000. Capital Research Global Investors raised its position in Wyndham Worldwide Corp. by 16.8% in the second quarter. Capital Research Global Investors now owns 9,469,454 shares of the company’s stock valued at $674,509,000 after buying an additional 1,360,454 shares in the last quarter. Fiera Capital Corp purchased a new position in Wyndham Worldwide Corp. during the second quarter valued at $43,104,000. Finally, PGGM Investments raised its position in Wyndham Worldwide Corp. by 543.2% in the second quarter. PGGM Investments now owns 509,375 shares of the company’s stock valued at $36,283,000 after buying an additional 430,180 shares in the last quarter. 97.75% of the stock is currently owned by institutional investors and hedge funds.
About Wyndham Worldwide Corp.