Wyndham Destinations’ (WYND) Neutral Rating Reaffirmed at Credit Suisse Group

Wyndham Destinations (NASDAQ:WYND)‘s stock had its “neutral” rating reiterated by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Wednesday. They currently have a $50.00 price objective on the stock. Credit Suisse Group’s price target would indicate a potential upside of 20.02% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. SunTrust Banks boosted their price target on shares of Wyndham Destinations to $72.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Deutsche Bank boosted their price target on shares of Wyndham Destinations from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Oppenheimer set a $66.00 price target on shares of Wyndham Destinations and gave the company a “buy” rating in a report on Tuesday, February 26th. Nomura boosted their price target on shares of Wyndham Destinations from $52.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Finally, Goldman Sachs Group downgraded shares of Wyndham Destinations from a “buy” rating to a “neutral” rating and set a $42.65 price objective on the stock. in a research report on Sunday, December 2nd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Wyndham Destinations has a consensus rating of “Buy” and a consensus price target of $56.37.

WYND stock opened at $41.66 on Wednesday. Wyndham Destinations has a 52-week low of $33.55 and a 52-week high of $53.63.



Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings results on Tuesday, February 26th. The company reported $1.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.27. The firm had revenue of $956.00 million for the quarter, compared to analyst estimates of $975.98 million. The business’s quarterly revenue was up 2.7% compared to the same quarter last year.

In related news, insider Michael Dean Brown acquired 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $44.64 per share, with a total value of $223,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen P. Holmes sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $45.19, for a total transaction of $2,259,500.00. The disclosure for this sale can be found here. Insiders have sold 100,713 shares of company stock worth $4,466,546 over the last ninety days.

A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in Wyndham Destinations by 11.7% in the third quarter. Bank of New York Mellon Corp now owns 1,773,807 shares of the company’s stock worth $76,911,000 after acquiring an additional 185,327 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Wyndham Destinations by 30.2% in the third quarter. Canada Pension Plan Investment Board now owns 927,810 shares of the company’s stock worth $40,230,000 after acquiring an additional 214,941 shares in the last quarter. AXA bought a new stake in Wyndham Destinations in the third quarter worth approximately $15,078,000. American International Group Inc. grew its position in Wyndham Destinations by 11.8% in the third quarter. American International Group Inc. now owns 240,593 shares of the company’s stock worth $10,432,000 after acquiring an additional 25,396 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Wyndham Destinations by 2.0% in the third quarter. Rhumbline Advisers now owns 239,968 shares of the company’s stock worth $10,405,000 after acquiring an additional 4,724 shares in the last quarter.

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.

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Analyst Recommendations for Wyndham Destinations (NASDAQ:WYND)

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