Wyndham Destinations (NASDAQ:WYND) had its target price increased by SunTrust Banks to $72.00 in a report published on Wednesday, The Fly reports. SunTrust Banks currently has a buy rating on the stock. SunTrust Banks also issued estimates for Wyndham Destinations’ Q1 2019 earnings at $0.91 EPS, Q2 2019 earnings at $1.37 EPS, Q3 2019 earnings at $1.58 EPS, Q4 2019 earnings at $1.39 EPS, FY2019 earnings at $5.25 EPS, Q1 2020 earnings at $1.01 EPS, Q2 2020 earnings at $1.47 EPS, Q3 2020 earnings at $1.73 EPS, Q4 2020 earnings at $1.48 EPS and FY2020 earnings at $5.69 EPS.
A number of other research analysts have also weighed in on the stock. Goldman Sachs Group lowered shares of Wyndham Destinations from a buy rating to a neutral rating and set a $47.00 price target on the stock. in a research note on Monday, November 26th. They noted that the move was a valuation call. Nomura raised shares of Wyndham Destinations from a neutral rating to a buy rating and raised their price target for the company from $51.45 to $52.00 in a research note on Monday, January 14th. Deutsche Bank reaffirmed a buy rating and issued a $58.00 price target on shares of Wyndham Destinations in a research note on Monday, December 17th. JPMorgan Chase & Co. decreased their price target on shares of Wyndham Destinations from $48.00 to $43.00 and set a neutral rating on the stock in a research note on Friday, November 2nd. Finally, Oppenheimer set a $66.00 price target on shares of Wyndham Destinations and gave the company a buy rating in a research note on Thursday, November 1st. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $56.27.
Get Wyndham Destinations alerts: Wyndham Destinations stock traded down $0.35 during midday trading on Wednesday, reaching $44.68. The company had a trading volume of 1,473,404 shares, compared to its average volume of 823,876. Wyndham Destinations has a 12-month low of $33.55 and a 12-month high of $54.75.
Wyndham Destinations (NASDAQ:WYND) last issued its quarterly earnings results on Tuesday, February 26th. The company reported $1.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.27. The company had revenue of $956.00 million during the quarter, compared to analysts’ expectations of $975.98 million. The firm’s revenue was up 2.7% on a year-over-year basis.
In other Wyndham Destinations news, Director George Herrera sold 1,872 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $39.60, for a total value of $74,131.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amica Retiree Medical Trust lifted its stake in Wyndham Destinations by 176.3% in the 3rd quarter. Amica Retiree Medical Trust now owns 2,409 shares of the company’s stock worth $104,000 after purchasing an additional 1,537 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Wyndham Destinations by 82.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,999 shares of the company’s stock worth $260,000 after purchasing an additional 2,711 shares in the last quarter. Hourglass Capital LLC purchased a new position in Wyndham Destinations in the 3rd quarter worth approximately $264,000. Piedmont Investment Advisors Inc. purchased a new position in Wyndham Destinations in the 3rd quarter worth approximately $307,000. Finally, Raymond James Trust N.A. lifted its stake in Wyndham Destinations by 21.7% in the 3rd quarter. Raymond James Trust N.A. now owns 7,477 shares of the company’s stock worth $324,000 after purchasing an additional 1,335 shares in the last quarter.
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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