Wyndham Destinations, Inc. (NYSE:WYND) has been given a consensus rating of "Buy" by the twelve analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $39.76.
WYND has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Wyndham Destinations from $38.00 to $41.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. ValuEngine upgraded Wyndham Destinations from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Zacks Investment Research upgraded Wyndham Destinations from a "sell" rating to a "hold" rating in a research report on Wednesday, October 28th. JPMorgan Chase & Co. increased their price objective on Wyndham Destinations from $32.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, October 13th. They noted that the move was a valuation call. Finally, The Goldman Sachs Group upgraded Wyndham Destinations from a "neutral" rating to a "buy" rating and increased their price objective for the company from $28.00 to $36.00 in a research report on Tuesday, September 8th.
WYND opened at $41.96 on Friday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of -349.64 and a beta of 1.84. Wyndham Destinations has a 1-year low of $13.74 and a 1-year high of $53.13. The business has a 50 day moving average price of $35.42 and a two-hundred day moving average price of $31.09.
Wyndham Destinations (NYSE:WYND) last released its earnings results on Wednesday, October 28th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.52. Wyndham Destinations had a negative return on equity of 13.97% and a net margin of 0.13%. As a group, research analysts predict that Wyndham Destinations will post -1.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, December 14th. Wyndham Destinations's dividend payout ratio (DPR) is presently 21.35%.
In other news, Director George Herrera sold 2,839 shares of the company's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $34.04, for a total value of $96,639.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.64% of the company's stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. CI Investments Inc. acquired a new position in shares of Wyndham Destinations in the third quarter worth $34,000. Private Advisor Group LLC acquired a new position in Wyndham Destinations during the second quarter worth $41,000. Acadian Asset Management LLC acquired a new position in Wyndham Destinations during the third quarter worth $77,000. Islay Capital Management LLC increased its position in Wyndham Destinations by 34.5% during the second quarter. Islay Capital Management LLC now owns 2,723 shares of the company's stock worth $77,000 after buying an additional 699 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Wyndham Destinations during the first quarter worth $127,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.
Wyndham Destinations Company Profile
Wyndham Destinations, Inc provides hospitality services and products in the United States and internationally. The company operates in two segments, Vacation Ownership and Vacation Exchange. 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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