Wyndham Worldwide (WYN) Coverage Initiated by Analysts at Macquarie

Macquarie started coverage on shares of Wyndham Worldwide (NYSE:WYN) in a research report report published on Friday morning, MarketBeat reports. The firm issued an underperform rating on the stock.

Several other brokerages have also recently commented on WYN. ValuEngine upgraded shares of Wyndham Worldwide from a hold rating to a buy rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Wyndham Worldwide from a sell rating to a hold rating in a report on Wednesday, December 27th. Finally, Wolfe Research upgraded shares of Wyndham Worldwide from an underperform rating to a market perform rating in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $110.14.

Wyndham Worldwide (NYSE WYN) opened at $112.44 on Friday. Wyndham Worldwide has a fifty-two week low of $75.80 and a fifty-two week high of $117.95. The company has a market cap of $11,390.00, a PE ratio of 20.19 and a beta of 1.36. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 9.00.

Wyndham Worldwide (NYSE:WYN) last announced its earnings results on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the company posted $1.89 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. sell-side analysts predict that Wyndham Worldwide will post 6.04 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 27th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, November 24th. Wyndham Worldwide’s dividend payout ratio is currently 41.65%.

Wyndham Worldwide announced that its board has approved a stock repurchase program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

In related news, VP Scott G. Mclester sold 15,381 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the completion of the sale, the vice president now directly owns 8,917 shares in the company, valued at $1,025,455. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George Herrera sold 311 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total transaction of $32,910.02. The disclosure for this sale can be found here. Company insiders own 2.39% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of WYN. San Francisco Sentry Investment Group CA bought a new position in Wyndham Worldwide during the second quarter valued at approximately $158,000. Jane Street Group LLC bought a new position in Wyndham Worldwide during the third quarter valued at approximately $209,000. Pacer Advisors Inc. raised its position in Wyndham Worldwide by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,158 shares of the company’s stock valued at $217,000 after acquiring an additional 171 shares in the last quarter. Rational Advisors LLC bought a new position in Wyndham Worldwide during the third quarter valued at approximately $253,000. Finally, Cetera Investment Advisers bought a new position in Wyndham Worldwide during the second quarter valued at approximately $300,000. 93.92% of the stock is currently owned by hedge funds and other institutional investors.

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About Wyndham Worldwide

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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