Wyndham Worldwide (WYN) PT Raised to $123.00 at Stifel Nicolaus

Wyndham Worldwide (NYSE:WYN) had its price objective boosted by Stifel Nicolaus from $113.00 to $123.00 in a research report issued to clients and investors on Friday. Stifel Nicolaus’ target price points to a potential upside of 6.28% from the company’s current price. The analysts noted that the move was a valuation call.

WYN has been the subject of several other reports. Zacks Investment Research raised shares of Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a research note on Thursday, October 12th. Wolfe Research raised shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Macquarie started coverage on shares of Wyndham Worldwide in a research note on Friday. They issued an “underperform” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Wyndham Worldwide has an average rating of “Hold” and an average price target of $110.14.

Shares of Wyndham Worldwide (WYN) opened at $115.73 on Friday. Wyndham Worldwide has a 52 week low of $75.80 and a 52 week high of $117.95. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 9.00. The firm has a market cap of $11,905.83, a price-to-earnings ratio of 20.74 and a beta of 1.36.

Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. equities research analysts predict that Wyndham Worldwide will post 6.04 EPS for the current year.

Wyndham Worldwide declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director George Herrera sold 311 shares of Wyndham Worldwide stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total transaction of $32,910.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the transaction, the vice president now owns 8,917 shares of the company’s stock, valued at $1,025,455. The disclosure for this sale can be found here. 2.39% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of Wyndham Worldwide by 1.2% during the second quarter. HighTower Advisors LLC now owns 4,705 shares of the company’s stock valued at $476,000 after buying an additional 54 shares during the last quarter. Empirical Finance LLC boosted its holdings in Wyndham Worldwide by 0.5% during the second quarter. Empirical Finance LLC now owns 12,758 shares of the company’s stock worth $1,282,000 after purchasing an additional 63 shares during the last quarter. Advisory Services Network LLC boosted its holdings in Wyndham Worldwide by 1.0% during the second quarter. Advisory Services Network LLC now owns 9,270 shares of the company’s stock worth $931,000 after purchasing an additional 90 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in Wyndham Worldwide by 0.3% during the second quarter. Thrivent Financial For Lutherans now owns 30,222 shares of the company’s stock worth $3,034,000 after purchasing an additional 100 shares during the last quarter. Finally, Veritable L.P. boosted its holdings in Wyndham Worldwide by 3.3% during the second quarter. Veritable L.P. now owns 3,587 shares of the company’s stock worth $360,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 93.92% of the company’s stock.

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About Wyndham Worldwide

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.

Analyst Recommendations for Wyndham Worldwide (NYSE:WYN)

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