Wyndham Destinations (NASDAQ:WYND) has earned an average rating of “Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $58.71.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Wyndham Destinations from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 31st. TheStreet upgraded Wyndham Destinations from a “c” rating to a “b” rating in a report on Monday, July 16th. Goldman Sachs Group assumed coverage on Wyndham Destinations in a report on Monday, June 4th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. assumed coverage on Wyndham Destinations in a report on Wednesday, June 6th. They issued a “neutral” rating and a $52.00 price objective on the stock. Finally, Credit Suisse Group dropped their price objective on Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, August 9th.
In related news, insider Michael Dean Brown bought 6,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was purchased at an average price of $45.20 per share, with a total value of $271,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 747 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $44.61, for a total value of $33,323.67. The disclosure for this sale can be found here.
Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in Wyndham Destinations during the second quarter worth approximately $103,000. Alps Advisors Inc. bought a new stake in Wyndham Destinations during the second quarter worth approximately $287,000. CENTRAL TRUST Co bought a new stake in Wyndham Destinations during the second quarter worth approximately $110,000. Huntington National Bank bought a new stake in shares of Wyndham Destinations in the second quarter valued at approximately $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Wyndham Destinations in the second quarter valued at approximately $146,000.
Shares of WYND opened at $40.96 on Friday. Wyndham Destinations has a fifty-two week low of $40.00 and a fifty-two week high of $57.67.
Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings data on Wednesday, August 8th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company posted $1.53 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.64 dividend on an annualized basis and a yield of 4.00%.
About Wyndham Destinations
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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