Wyndham Gets a Buy Rating from Oppenheimer

By Austin Angelo

Oppenheimer analyst Ian Zaffino maintained a Buy rating on Wyndham (NYSE: WYN) yesterday and set a price target of $135. The company’s shares closed yesterday at $112.66.

Zaffino wrote:

“The “Hotels” SpinCo (ticker: WH) and the “Destinations” RemainCo (new ticker: WYND) are set to trade when-issued on or about May 17 and regular-way on June 1. Hotels is the largest hotel group in the world; it offers double-digit EBITDA growth, high returns on capital, asset-light expansion, upside from the La Quinta acquisition and FCF deployment/returns. Destinations is the largest timeshare and exchange network in the world; it offers healthy industry tailwinds, improving capital returns from just- in-time inventory, a shift toward new owner sales and capital returns. We continue to value WH at ~$66 and WYND at ~$69. Maintain Outperform.”

According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 2.8% and a 56.5% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Peak Resorts, and Six Flags.

Currently, the analyst consensus on Wyndham is Moderate Buy and the average price target is $133, representing a 18.1% upside.

In a report issued on May 7, Stifel Nicolaus also maintained a Buy rating on the stock with a $131 price target.

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The company has a one-year high of $127.96 and a one-year low of $93.70. Currently, Wyndham has an average volume of 943.5K.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock.

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Wyndham Worldwide Corp. 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.