Wyndham Worldwide Corporation (WYN) is Reiterated by MKM Partners to Buy, Raises Price Target to $ 89

Wyndham Worldwide Corporation (WYN) was Reiterated by MKM Partners to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 89 from a previous price target of $88 . MKM Partners advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on Wyndham Worldwide Corporation. Company shares were Reiterated by Telsey Advisory Group on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $93 .Company shares were Reiterated by Stifel on Mar 15, 2016 to “Buy”, Firm has raised the Price Target to $ 83 from a previous price target of $80 .Credit Suisse Initiated Wyndham Worldwide Corporation on Feb 5, 2016 to “Neutral”, Price Target of the shares are set at $63.

On the company’s financial health, Wyndham Worldwide Corporation reported $1.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.11. The company had revenue of $1303.00 million for the quarter, compared to analysts expectations of $1305.58 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Wyndham Worldwide Corporation closed down -1.31 points or -1.69% at $76.17 with 11,02,000 shares getting traded on Friday. Post opening the session at $77.42, the shares hit an intraday low of $76 and an intraday high of $77.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 16, 2016, Nicola Rossi (Sr. VP & Chief Account. Ofc.) sold 1,000 shares at $75.95 per share price. According to the SEC, on Mar 3, 2016, Geoffrey A Ballotti (President/CEO WHG) sold 28,755 shares at $75.00 per share price. On Feb 18, 2016, Gail Mandel (CEO) purchased 1,000 shares at $69.39 per share price, according to the Form-4 filing with the securities and exchange commission.

Wyndham Worldwide Corporation is a hospitality company. The Company offers individual consumers and business customers a wide range of hospitality services and products through a portfolio of brands including Wyndham Hotels and Resorts Ramada Days Inn Super 8 Howard Johnson Wingate by Wyndham Microtel Inns & Suites Tryp by Wyndham RCI Landal GreenParks and others. The Company operates through three segments: Lodging which franchises hotels in the upscale upper midscale midscale economy and extended stay segments and provides hotel management services for service hotels; Vacation exchange and rentals which provides vacation exchange services and products to owners of intervals of vacation ownership interests (VOIs) and markets vacation rental properties and Vacation ownership which develops markets and sells VOIs to individual consumers provides consumer financing in connection with the sale of VOIs and provides property management services at resorts.

Wyndham Worldwide Corporation

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