Wyndham Worldwide Corp. (NYSE:WYN) Receives $77.43 Average PT from Analysts
Wyndham Worldwide Corp. (NYSE:WYN) has been given an average rating of “Hold” by the ten analysts that are covering the firm. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $77.43.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Wyndham Worldwide Corp. from a “hold” rating to a “sell” rating in a report on Tuesday. Goldman Sachs Group Inc. began coverage on Wyndham Worldwide Corp. in a report on Monday. They set a “neutral” rating and a $72.00 price target on the stock. MKM Partners reissued a “buy” rating on shares of Wyndham Worldwide Corp. in a report on Thursday, July 28th. Deutsche Bank AG decreased their price target on Wyndham Worldwide Corp. from $64.00 to $62.00 and set a “hold” rating on the stock in a report on Thursday, July 28th. Finally, Telsey Advisory Group decreased their price target on Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Thursday, July 28th.
Wyndham Worldwide Corp. (NYSE:WYN) opened at 67.06 on Tuesday. Wyndham Worldwide Corp. has a 12-month low of $60.59 and a 12-month high of $82.99. The stock has a market capitalization of $7.37 billion, a PE ratio of 13.26 and a beta of 1.30. The stock has a 50 day moving average price of $69.38 and a 200-day moving average price of $71.37.
Wyndham Worldwide Corp. (NYSE:WYN) last announced its earnings results on Wednesday, July 27th. The company reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.03. Wyndham Worldwide Corp. had a return on equity of 67.58% and a net margin of 10.43%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm earned $1.32 EPS. Wyndham Worldwide Corp.’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts anticipate that Wyndham Worldwide Corp. will post $5.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 26th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.98%. Wyndham Worldwide Corp.’s dividend payout ratio (DPR) is 39.60%.
In other news, Director George Herrera sold 463 shares of Wyndham Worldwide Corp. 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 legal filing with the SEC, which is available through the SEC website. 2.03% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WYN. IFP Advisors Inc raised its position in Wyndham Worldwide Corp. by 0.3% in the first quarter. IFP Advisors Inc now owns 1,370 shares of the company’s stock valued at $105,000 after buying an additional 4 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its position in 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 valued at $107,000 after buying an additional 545 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in 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 valued at $126,000 after buying an additional 214 shares in the last quarter. Pacer Advisors Inc. raised its position in Wyndham Worldwide Corp. by 9.6% in the second quarter. Pacer Advisors Inc. now owns 1,945 shares of the company’s stock valued at $139,000 after buying an additional 171 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its position in Wyndham Worldwide Corp. by 24.4% in the second quarter. Johnson Financial Group Inc. now owns 2,350 shares of the company’s stock valued at $167,000 after buying an additional 461 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.
Wyndham Worldwide Corp. Company Profile
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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