Wyndham Worldwide Corp. (WYN) Downgraded to Sell at Zacks Investment Research
According to Zacks, “Owing to international expansion, Wyndham is exposed to headwinds in the regions where it operates. Lingering political uncertainty in Brazil and Africa, macroeconomic issues in Venezuela and an economic slowdown in China may keep revenues under pressure. Also, in Europe, the economic/political conditions are expected to be challenging post Brexit. Moreover, the company expects soft demand in the oil-producing regions – mainly including parts of Texas, Louisiana, Oklahoma and West Virginia – to continue to hurt RevPAR. However, the company’s strong developmental pipeline, consistent expansion plans and robust marketing efforts should boost earnings going ahead. Also, the company has mostly positive of earnings surprises in recent quarters. Still, volatility in exchange rates might continue to hurt results as it has been doing over the past few quarters.”
Several other research firms also recently weighed in on WYN. MKM Partners reiterated a buy rating on shares of Wyndham Worldwide Corp. in a research report on Thursday, July 28th. Telsey Advisory Group reduced their target price on Wyndham Worldwide Corp. from $95.00 to $94.00 and set an outperform rating on the stock in a research report on Thursday, July 28th. Deutsche Bank AG reduced their target price on Wyndham Worldwide Corp. from $64.00 to $62.00 and set a hold rating on the stock in a research report on Thursday, July 28th. Wolfe Research assumed coverage on Wyndham Worldwide Corp. in a research report on Wednesday, July 6th. They set an outperform rating on the stock. Finally, Goldman Sachs Group Inc. assumed coverage on Wyndham Worldwide Corp. in a research report on Monday. They set a neutral rating and a $72.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $80.11.
Shares of Wyndham Worldwide Corp. (NYSE:WYN) opened at 67.35 on Tuesday. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 13.32 and a beta of 1.30. Wyndham Worldwide Corp. has a one year low of $60.59 and a one year high of $82.99. The company has a 50-day moving average of $69.51 and a 200 day moving average of $71.43.
Wyndham Worldwide Corp. (NYSE:WYN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. Wyndham Worldwide Corp. had a return on equity of 67.58% and a net margin of 10.43%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $1.32 earnings per share. Equities research analysts forecast that Wyndham Worldwide Corp. will post $5.73 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 26th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. Wyndham Worldwide Corp.’s payout ratio is currently 39.60%.
In related 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 transaction of $33,201.73. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.03% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. IFP Advisors Inc raised its stake in shares of Wyndham Worldwide Corp. by 0.3% in the first quarter. IFP Advisors Inc now owns 1,370 shares of the company’s stock worth $105,000 after buying an additional 4 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of Wyndham Worldwide Corp. by 56.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,503 shares of the company’s stock worth $107,000 after buying an additional 545 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Wyndham Worldwide Corp. by 13.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the company’s stock worth $126,000 after buying an additional 214 shares during the period. Pacer Advisors Inc. raised its stake in shares of Wyndham Worldwide Corp. by 9.6% in the second quarter. Pacer Advisors Inc. now owns 1,945 shares of the company’s stock worth $139,000 after buying an additional 171 shares during the period. Finally, Johnson Financial Group Inc. raised its stake in shares of Wyndham Worldwide Corp. by 24.4% in the second quarter. Johnson Financial Group Inc. now owns 2,350 shares of the company’s stock worth $167,000 after buying an additional 461 shares during the period. Hedge funds and other institutional investors own 97.76% of the company’s stock.
About Wyndham Worldwide Corp.
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: Hotel Group, Destination Network and Vacation Ownership. The Hotel Group segment has approximately 7,800 hotels and over 678,000 hotel rooms around the world.
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