Wyndham Destinations (WYND) Lifted to “Buy” at Nomura

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Wyndham Destinations (NASDAQ:WYND) was upgraded by research analysts at Nomura from a “neutral” rating to a “buy” rating in a research note issued on Monday.

A number of other research analysts also recently issued reports on WYND. Macquarie raised Wyndham Destinations from an “underperform” rating to a “neutral” rating in a report on Friday, November 2nd. Deutsche Bank set a $58.00 price target on Wyndham Destinations and gave the company a “buy” rating in a report on Thursday, November 1st. Oppenheimer set a $66.00 price target on Wyndham Destinations and gave the company a “buy” rating in a report on Thursday, November 1st. JPMorgan Chase & Co. decreased their price target on Wyndham Destinations from $48.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. Finally, Zacks Investment Research downgraded Wyndham Destinations from a “buy” rating to a “hold” rating in a report on Saturday, October 13th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Wyndham Destinations has an average rating of “Buy” and an average target price of $55.85.

NASDAQ:WYND traded up $0.23 during trading hours on Monday, reaching $38.54. The company had a trading volume of 86,124 shares, compared to its average volume of 934,667. Wyndham Destinations has a 1-year low of $33.55 and a 1-year high of $57.67.

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

In other news, Director George Herrera sold 1,872 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $39.60, for a total transaction of $74,131.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen P. Holmes sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $42.16, for a total value of $843,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,639 shares of company stock valued at $4,268,134.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Palo Capital Inc. acquired a new position in Wyndham Destinations in the 3rd quarter valued at $841,000. Raymond James Trust N.A. raised 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 valued at $324,000 after purchasing an additional 1,335 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Wyndham Destinations by 30.2% in 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 raised 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 valued at $260,000 after purchasing an additional 2,711 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in Wyndham Destinations by 191.2% in 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.

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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Analyst Recommendations for Wyndham Destinations (NASDAQ:WYND)

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