Wyndham Destinations (WYND) Receives $56.27 Average PT from Analysts

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Shares of Wyndham Destinations (NASDAQ:WYND) have received an average rating of “Buy” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $56.27.

A number of research analysts have issued reports on WYND shares. Nomura boosted their target price on Wyndham Destinations from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Oppenheimer set a $66.00 target price on Wyndham Destinations and gave the company a “buy” rating in a research note on Tuesday, February 26th. Deutsche Bank boosted their target price on Wyndham Destinations from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. SunTrust Banks boosted their target price on Wyndham Destinations to $72.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $50.00 target price on shares of Wyndham Destinations in a research note on Wednesday, March 20th.

NASDAQ:WYND opened at $41.79 on Wednesday. Wyndham Destinations has a 1 year low of $33.55 and a 1 year high of $50.85.

Wyndham Destinations (NASDAQ:WYND) last posted its earnings results on Wednesday, May 1st. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. The business had revenue of $918.00 million during the quarter, compared to analyst estimates of $918.92 million. Wyndham Destinations’s revenue for the quarter was up 1.2% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 4.31%.

In other news, Director George Herrera sold 713 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $42.14, for a total transaction of $30,045.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Dean Brown acquired 5,000 shares of Wyndham Destinations stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $44.64 per share, with a total value of $223,200.00. The disclosure for this purchase can be found here. Insiders have sold 204,416 shares of company stock valued at $9,038,033 over the last ninety days.

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in shares of Wyndham Destinations during the first quarter worth about $34,000. Fifth Third Bancorp acquired a new position in shares of Wyndham Destinations during the first quarter worth about $38,000. Assetmark Inc. acquired a new position in shares of Wyndham Destinations during the first quarter worth about $39,000. Peddock Capital Advisors LLC acquired a new position in shares of Wyndham Destinations during the first quarter worth about $64,000. Finally, Fort L.P. acquired a new position in shares of Wyndham Destinations during the first quarter worth about $89,000.

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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