Zacks Investment Research Downgrades Wyndham Destinations (NYSE:WYND) to Hold

Zacks Investment Research lowered shares of Wyndham Destinations (NYSE:WYND) from a buy rating to a hold rating in a research note published on Saturday morning, Zacks.com reports.

According to Zacks, “Wyndham Destinations, Inc. operates as a hospitality company. It offers hotel management and vacation exchange and rental services, as well as develops, markets and sells vacation ownership interests to individual consumers. The Company franchises hotels in the upscale, midscale, and economy segments of the lodging industries. Wyndham Destinations, Inc., formerly known as Wyndham Worldwide Corporation, is based in FL, United States. “

Several other analysts have also recently issued reports on the company. SunTrust Banks set a $75.00 price objective on Wyndham Destinations and gave the company a buy rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Wyndham Destinations from $45.00 to $47.00 and gave the company a neutral rating in a research note on Friday, September 6th. Jefferies Financial Group set a $62.00 price objective on Wyndham Destinations and gave the company a buy rating in a research note on Friday, August 30th. Finally, Nomura increased their price objective on Wyndham Destinations from $55.00 to $62.00 and gave the company a buy rating in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Wyndham Destinations has a consensus rating of Buy and an average target price of $57.63.

Shares of NYSE WYND traded down $0.10 during mid-day trading on Friday, hitting $49.50. The company had a trading volume of 675,286 shares, compared to its average volume of 789,311. The company has a market capitalization of $4.47 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 2.20 and a beta of 1.55. Wyndham Destinations has a 1-year low of $33.55 and a 1-year high of $50.08. The business’s 50-day simple moving average is $46.06 and its 200 day simple moving average is $44.24.

Wyndham Destinations (NYSE:WYND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Wyndham Destinations had a negative return on equity of 87.60% and a net margin of 11.22%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. As a group, analysts expect that Wyndham Destinations will post 5.6 earnings per share for the current fiscal year.

In other Wyndham Destinations news, insider Kimberly Marshall sold 5,300 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $42.98, for a total value of $227,794.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George Herrera sold 1,904 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $48.70, for a total value of $92,724.80. Over the last quarter, insiders sold 15,007 shares of company stock worth $667,440. Insiders own 1.59% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Wyndham Destinations in the second quarter valued at $406,681,000. Iridian Asset Management LLC CT acquired a new stake in Wyndham Destinations in the second quarter valued at $310,725,000. Investec Asset Management LTD acquired a new stake in Wyndham Destinations in the second quarter valued at $179,747,000. LSV Asset Management purchased a new position in shares of Wyndham Destinations during the second quarter worth about $130,092,000. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Wyndham Destinations by 6.9% during the third quarter. Wedge Capital Management L L P NC now owns 1,657,381 shares of the company’s stock worth $76,273,000 after purchasing an additional 106,801 shares during the last quarter. Institutional investors own 88.23% of the company’s stock.

Wyndham Destinations Company Profile

Wyndham Destinations, Inc operates as a vacation ownership and exchange company in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Rentals. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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