Wyndham Destinations (WYND) Rating Lowered to Neutral at Goldman Sachs Group

Wyndham Destinations (NASDAQ:WYND) was downgraded by investment analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report released on Monday, November 26th, Marketbeat reports. They currently have a $47.00 price target on the stock. Goldman Sachs Group’s target price would suggest a potential upside of 11.19% from the stock’s current price. The analysts noted that the move was a valuation call.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank set a $58.00 price objective on shares of Wyndham Destinations and gave the company a “buy” rating in a report on Thursday, November 1st. Oppenheimer set a $66.00 price objective on shares of Wyndham Destinations and gave the company a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of Wyndham Destinations from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Saturday, August 11th. TheStreet lowered shares of Wyndham Destinations from a “b-” rating to a “c+” rating in a research report on Wednesday, October 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Wyndham Destinations from $48.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $55.85.

Shares of Wyndham Destinations stock traded up $0.80 during trading on Monday, hitting $42.27. 1,001,400 shares of the company’s stock were exchanged, compared to its average volume of 2,058,542. Wyndham Destinations has a 52-week low of $33.61 and a 52-week high of $57.67.

Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings data on Thursday, November 1st. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year.

In other news, Director George Herrera sold 767 shares of Wyndham Destinations stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $43.68, for a total value of $33,502.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen P. Holmes sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $42.16, for a total transaction of $843,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,767 shares of company stock worth $4,194,003.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Wyndham Destinations during the second quarter worth about $413,146,000. Iridian Asset Management LLC CT boosted its position in Wyndham Destinations by 59.6% during the third quarter. Iridian Asset Management LLC CT now owns 8,766,826 shares of the company’s stock worth $380,130,000 after acquiring an additional 3,272,233 shares during the last quarter. FMR LLC acquired a new position in Wyndham Destinations during the second quarter worth about $328,935,000. Boston Partners acquired a new position in Wyndham Destinations during the second quarter worth about $294,781,000. Finally, LSV Asset Management acquired a new position in Wyndham Destinations in the 2nd quarter valued at about $111,386,000.

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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