Wyndham Destinations (WYND) Given a $58.00 Price Target at Deutsche Bank

Deutsche Bank set a $58.00 target price on Wyndham Destinations (NASDAQ:WYND) in a research note issued to investors on Thursday morning. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently commented on WYND. Jefferies Financial Group initiated coverage on Wyndham Destinations in a research note on Monday, July 16th. They set a buy rating and a $65.00 target price for the company. TheStreet raised Wyndham Destinations from a c rating to a b rating in a research note on Monday, July 16th. Zacks Investment Research raised Wyndham Destinations from a strong sell rating to a hold rating in a research note on Tuesday, July 31st. Credit Suisse Group lowered their price objective on Wyndham Destinations from $55.00 to $49.00 and set a neutral rating for the company in a research note on Thursday, August 9th. Finally, Oppenheimer set a $66.00 price objective on Wyndham Destinations and gave the company a buy rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Wyndham Destinations has an average rating of Buy and an average target price of $57.50.

Shares of NASDAQ WYND opened at $43.16 on Thursday. Wyndham Destinations has a 12 month low of $33.61 and a 12 month high of $57.67.

Wyndham Destinations (NASDAQ:WYND) last issued its earnings results on Thursday, November 1st. The company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. Wyndham Destinations’s revenue for the quarter was up 4.6% compared to the same quarter last year.

In other news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Dean Brown acquired 6,000 shares of the stock in a transaction dated Tuesday, August 21st. The stock was purchased at an average cost of $45.20 per share, with a total value of $271,200.00. The disclosure for this purchase can be found here.

Hedge funds have recently made changes to their positions in the stock. Fiera Capital Corp bought a new stake in Wyndham Destinations in the second quarter valued at approximately $16,310,000. Convergence Investment Partners LLC bought a new stake in Wyndham Destinations in the second quarter valued at approximately $710,000. Raymond James & Associates bought a new stake in Wyndham Destinations in the second quarter valued at approximately $10,054,000. Northern Trust Corp bought a new stake in Wyndham Destinations in the second quarter valued at approximately $43,713,000. Finally, US Bancorp DE bought a new stake in Wyndham Destinations in the second quarter valued at approximately $3,819,000.

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.

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Analyst Recommendations for Wyndham Destinations (NASDAQ:WYND)

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