Wyndham Worldwide Corp. (NYSE:WYN) had its target price boosted by MKM Partners from $75.00 to $82.00 in a report issued on Wednesday, Stock Ratings Network.com reports. They currently have a buy rating on the stock.
Wyndham Worldwide Corp. (NYSE:WYN) traded down 0.57% during mid-day trading on Wednesday, hitting $72.01. The stock had a trading volume of 306,648 shares. Wyndham Worldwide Corp. has a 1-year low of $52.07 and a 1-year high of $72.95. The stock has a 50-day moving average of $69.48 and a 200-day moving average of $62.76. The company has a market cap of $9.361 billion and a P/E ratio of 23.13.
Wyndham Worldwide Corp. (NYSE:WYN) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.36 by $0.04. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Analysts expect that Wyndham Worldwide Corp. will post $3.82 EPS for the current fiscal year.
In other Wyndham Worldwide Corp. news, Director Pauline Richards sold 3,000 shares of Wyndham Worldwide Corp. stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $71.88, for a total transaction of $215,640.00. Following the completion of the sale, the director now directly owns 2,507 shares of the company’s stock, valued at approximately $180,203. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Wyndham Worldwide Corp. from $75.00 to $85.00 in a research note to investors on Tuesday, December 3rd. They now have a buy rating on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Wyndham Worldwide Corp. from $67.00 to $70.00 in a research note to investors on Friday, October 25th. They now have a neutral rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Wyndham Worldwide Corp. in a research note to investors on Thursday, October 24th. They now have a $69.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Wyndham Worldwide Corp. presently has an average rating of Hold and an average target price of $73.75.
Wyndham Worldwide Corporation is a hospitality company. The Company offers individual consumers and business customers an array of hospitality services and products across various accommodation alternatives and price ranges through its portfolio of brands.
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