Wyndham Worldwide (WYN) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Wyndham Worldwide (NYSE:WYN) from a hold rating to a buy rating in a report released on Friday. Zacks Investment Research currently has $128.00 target price on the stock.

According to Zacks, “Wyndham’s shares have outperformed S&P 500 in the last year. The company’s plan to spin-off its Hotel Group segment is expected to increase the fit, focus and strategic flexibility of both the companies. Going forward, Wyndham’s strong developmental pipeline, large international exposure and prudent acquisitions should boost earnings. Initiatives to increase occupancy like the remodeled loyalty program, technological upgrades and marketing efforts are expected to drive growth too. Focus on returning wealth to shareholders through buybacks and dividend hikes also bode well. It has a positive record of earnings surprises in recent quarters and estimates are stable ahead of its third-quarter earnings release. Lingering global uncertainties in some economies and currency fluctuations might limit revenue growth in the near term. Also, soft demand in oil producing regions might hurt RevPAR.”

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Other analysts also recently issued reports about the stock. SunTrust Banks boosted their price target on shares of Wyndham Worldwide to $131.00 and gave the stock a buy rating in a research report on Thursday, February 15th. Stifel Nicolaus restated a buy rating and set a $130.00 price target on shares of Wyndham Worldwide in a research report on Friday, January 19th. Macquarie began coverage on shares of Wyndham Worldwide in a research report on Friday, January 5th. They set an underperform rating on the stock. Jefferies Group began coverage on shares of Wyndham Worldwide in a research report on Friday, January 19th. They set a buy rating and a $202.00 price target on the stock. Finally, ValuEngine upgraded shares of Wyndham Worldwide from a hold rating to a buy rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. Wyndham Worldwide currently has a consensus rating of Buy and a consensus target price of $128.50.

Shares of NYSE:WYN opened at $114.43 on Friday. The stock has a market capitalization of $11,411.36, a P/E ratio of 18.49 and a beta of 1.38. Wyndham Worldwide has a fifty-two week low of $83.40 and a fifty-two week high of $127.96. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.03 and a current ratio of 1.17.

Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.14. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Wyndham Worldwide had a net margin of 15.35% and a return on equity of 92.39%. Wyndham Worldwide’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $1.35 EPS. research analysts expect that Wyndham Worldwide will post 7.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 2.31%. This is a boost from Wyndham Worldwide’s previous quarterly dividend of $0.58. Wyndham Worldwide’s payout ratio is currently 48.00%.

In other news, CEO Geoffrey A. Ballotti sold 3,731 shares of Wyndham Worldwide stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $117.04, for a total value of $436,676.24. Following the transaction, the chief executive officer now owns 117,843 shares of the company’s stock, valued at approximately $13,792,344.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Geoffrey A. Ballotti sold 8,968 shares of Wyndham Worldwide stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $114.73, for a total transaction of $1,028,898.64. Following the completion of the transaction, the chief executive officer now directly owns 137,784 shares in the company, valued at approximately $15,807,958.32. The disclosure for this sale can be found here. Insiders sold a total of 19,510 shares of company stock worth $2,273,541 in the last ninety days. Corporate insiders own 2.39% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Wyndham Worldwide in the fourth quarter worth approximately $297,000. Xact Kapitalforvaltning AB increased its position in shares of Wyndham Worldwide by 4.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 32,325 shares of the company’s stock worth $3,745,000 after acquiring an additional 1,238 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Wyndham Worldwide by 83.2% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 104,418 shares of the company’s stock worth $12,099,000 after acquiring an additional 47,419 shares in the last quarter. We Are One Seven LLC purchased a new position in shares of Wyndham Worldwide in the fourth quarter worth approximately $171,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Wyndham Worldwide by 47.8% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the company’s stock worth $788,000 after acquiring an additional 2,200 shares in the last quarter. 93.03% of the stock is currently owned by institutional investors.

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Wyndham Worldwide 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: 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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