Wolfe Research Initiates Coverage on Wyndham Worldwide Corporation to Outperform

Wolfe Research Initiates Coverage on Wyndham Worldwide Corporation(NYSE:WYN). The shares have been rated Outperform. The rating by Wolfe Research was issued on Jul 6, 2016.

Wyndham Worldwide Corporation (WYN) made into the market gainers list on Mondays trading session with the shares advancing 1.73% or 1.25 points. Due to strong positive momentum, the stock ended at $73.6, which is also near the day’s high of $73.71. The stock began the session at $72.75 and the volume stood at 10,11,958 shares. The 52-week high of the shares is $87.33 and the 52 week low is $60.59. The company has a current market capitalization of $8,240 M and it has 11,19,51,682 shares in outstanding.

Wyndham Worldwide Corporation(WYN) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.30B. Analysts had an estimated revenue of $1.31B. Earnings per share were $1.12. Analysts had estimated an EPS of $1.11.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, George Herrera (director) sold 456 shares at $67.47 per share price.Also, On Mar 16, 2016, Nicola Rossi (Sr. VP & Chief Account. Ofc.) sold 1,000 shares at $75.95 per share price.On Mar 3, 2016, Geoffrey A Ballotti (President/CEO WHG) sold 28,755 shares at $75.00 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.

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