Shares of Wyndham Destinations (NASDAQ:WYND) have earned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $56.96.
WYND has been the topic of several research analyst reports. Nomura raised Wyndham Destinations from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $51.45 to $52.00 in a research note on Monday, January 14th. SunTrust Banks increased their price objective on Wyndham Destinations to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, February 27th. Goldman Sachs Group cut Wyndham Destinations from a “buy” rating to a “neutral” rating and set a $47.00 target price on the stock. in a research report on Monday, November 26th. They noted that the move was a valuation call. Deutsche Bank increased their target price on Wyndham Destinations from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Finally, Oppenheimer set a $66.00 target price on Wyndham Destinations and gave the company a “buy” rating in a research report on Tuesday, February 26th.
In other Wyndham Destinations news, insider Michael Dean Brown acquired 5,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $44.64 per share, for a total transaction of $223,200.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen P. Holmes sold 50,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $45.19, for a total value of $2,259,500.00. The disclosure for this sale can be found here.
Several institutional investors and hedge funds have recently modified their holdings of the company. Palo Capital Inc. purchased a new stake in shares of Wyndham Destinations during the 3rd quarter valued at $841,000. Raymond James Trust N.A. lifted its holdings in shares of Wyndham Destinations by 21.7% during the 3rd quarter. Raymond James Trust N.A. now owns 7,477 shares of the company’s stock valued at $324,000 after purchasing an additional 1,335 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Wyndham Destinations by 30.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 927,810 shares of the company’s stock valued at $40,230,000 after purchasing an additional 214,941 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Wyndham Destinations by 82.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,999 shares of the company’s stock valued at $260,000 after purchasing an additional 2,711 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in shares of Wyndham Destinations by 191.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 47,922 shares of the company’s stock valued at $2,078,000 after purchasing an additional 31,464 shares during the last quarter.
NASDAQ:WYND traded up $0.09 during midday trading on Friday, hitting $41.44. The stock had a trading volume of 3,185,263 shares, compared to its average volume of 957,123. Wyndham Destinations has a one year low of $33.55 and a one year high of $53.63.
Wyndham Destinations (NASDAQ:WYND) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $1.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.27. The firm had revenue of $956.00 million during the quarter, compared to the consensus estimate of $975.98 million. Wyndham Destinations’s quarterly revenue was up 2.7% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 18th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.34%. The ex-dividend date is Friday, March 15th. This is a boost from Wyndham Destinations’s previous quarterly dividend of $0.41.
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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