Wyndham Worldwide Corp (NYSE:WYN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, October 5th.
According to Zacks, “Owing to its large international presence, Wyndham is exposed to headwinds in the regions where it operates. Despite immense growth potential, a sluggish economy in Brazil, uncertainty in Africa, macroeconomic factors in Venezuela and China are likely to keep revenues under pressure. The company expects soft demand in oil-producing regions to continue to hurt RevPAR too. Meanwhile, although the new owner strategy is expected to benefit its timeshare business in the long run, it is currently weighing on the company’s EBITDA. Nevertheless, Wyndham’s robust developmental pipeline, prudent acquisitions and strong loyalty program should boost growth. It has a positive record of earnings surprises in recent quarters and estimates are stable ahead of its third-quarter earnings release. Still, currency movements might continue to hurt results as has been the case over the past few quarters.”
Other equities research analysts have also recently issued research reports about the stock. Buckingham Research started coverage on shares of Wyndham Worldwide Corp in a research note on Monday, June 19th. They issued a “buy” rating and a $114.00 price objective for the company. BidaskClub lowered shares of Wyndham Worldwide Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Stifel Nicolaus reiterated a “buy” rating and set a $110.00 price target (up from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. Finally, Telsey Advisory Group lowered shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price objective for the company. in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $103.38.
Wyndham Worldwide Corp (WYN) opened at 110.02 on Thursday. Wyndham Worldwide Corp has a 12-month low of $62.60 and a 12-month high of $110.74. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 20.26 and a beta of 1.36. The firm’s 50-day moving average price is $103.08 and its 200 day moving average price is $99.03.
Wyndham Worldwide Corp (NYSE:WYN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.03. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the company earned $1.40 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Wyndham Worldwide Corp will post $6.17 EPS for the current fiscal year.
In other news, Director George Herrera sold 323 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $97.60, for a total value of $31,524.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.39% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. IHT Wealth Management LLC boosted its stake in Wyndham Worldwide Corp by 15.9% during the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock worth $123,000 after buying an additional 201 shares during the period. Dubuque Bank & Trust Co. lifted its position in shares of Wyndham Worldwide Corp by 125.0% during the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock worth $149,000 after purchasing an additional 824 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new stake in shares of Wyndham Worldwide Corp during the second quarter worth $158,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Wyndham Worldwide Corp by 26.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock worth $163,000 after purchasing an additional 338 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Wyndham Worldwide Corp by 3.4% during the first quarter. Pacer Advisors Inc. now owns 1,987 shares of the company’s stock worth $167,000 after purchasing an additional 66 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.
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: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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