Wyndham Destinations (WYND) Lifted to “Buy” at Nomura

Wyndham Destinations (NASDAQ:WYND) was upgraded by stock analysts at Nomura from a “neutral” rating to a “buy” rating in a report released on Monday.

Other analysts also recently issued reports about the company. Deutsche Bank restated a “buy” rating and issued a $58.00 price objective on shares of Wyndham Destinations in a report on Monday, December 17th. Macquarie upgraded Wyndham Destinations from an “underperform” rating to a “neutral” rating in a report on Friday, November 2nd. Oppenheimer set a $66.00 price objective on Wyndham Destinations and gave the company a “buy” rating in a report on Thursday, November 1st. Goldman Sachs Group downgraded Wyndham Destinations from a “buy” rating to a “neutral” rating and set a $42.65 price objective for the company. in a report on Sunday, December 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Wyndham Destinations from $48.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $55.85.

Shares of WYND stock traded up $0.23 on Monday, hitting $38.54. The stock had a trading volume of 86,124 shares, compared to its average volume of 934,667. Wyndham Destinations has a one year low of $33.55 and a one year high of $57.67.



Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings data on Thursday, November 1st. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. The business’s quarterly revenue was up 4.6% compared to the same quarter last year.

In other news, Director Stephen P. Holmes sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $42.16, for a total transaction of $843,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Herrera sold 1,872 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $39.60, for a total value of $74,131.20. The disclosure for this sale can be found here. Insiders sold 102,639 shares of company stock valued at $4,268,134 over the last quarter.

Several hedge funds have recently modified their holdings of WYND. FMR LLC purchased a new stake in shares of Wyndham Destinations during the second quarter worth about $328,935,000. Iridian Asset Management LLC CT grew its stake in shares of Wyndham Destinations by 59.6% during the third quarter. Iridian Asset Management LLC CT now owns 8,766,826 shares of the company’s stock worth $380,130,000 after acquiring an additional 3,272,233 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Wyndham Destinations during the third quarter worth about $78,535,000. Bank of New York Mellon Corp purchased a new stake in shares of Wyndham Destinations during the second quarter worth about $70,321,000. Finally, Northern Trust Corp purchased a new stake in shares of Wyndham Destinations during the second quarter worth about $43,713,000.

Wyndham Destinations Company Profile

Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.

Featured Story: Hedge Funds – Risk or Reward?

Analyst Recommendations for Wyndham Destinations (NASDAQ:WYND)

Receive News & Ratings for Wyndham Destinations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Destinations and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply