In a report released today, Ian Zaffino from Oppenheimer maintained a Buy rating on Wyndham Destinations Inc (NYSE: WYND), with a price target of $66. The company’s shares opened today at $46.01.
Zaffino noted:
“Further adjusted EBITDA of $249M beat our/Street’s $245M/$247M ests, and was at the high end of guidance of $240-250M. During the quarter, tour flow improved 3%, VPG increased 5% while new owner mix improved by 260bps. Encouragingly, the increase in loan losses slowed in the quarter; although it remains at an elevated level. Management reiterated revenue guidance of $3.975-4.085B and further adjusted EBITDA guidance of $955-975M. It raised its further adjusted EPS outlook which now calls for $4.74-4.94 ($4.55-4.75 previously), owing to a lower share count and lower SBC.”
According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 3.7% and a 56.4% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Peak Resorts, and CDK Global.
Wyndham Destinations Inc has an analyst consensus of Moderate Buy, with a price target consensus of $71.33.
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The company has a one-year high of $57.75 and a one-year low of $43.01. Currently, Wyndham Destinations Inc has an average volume of 2.59M.
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Wyndham Destinations, Inc. believes in putting the world on vacation. Its global presence in 110 countries at more than 220 vacation ownership resorts and affiliated exchange properties distinguishes Wyndham Destinations as the world’s largest vacation ownership and exchange company, with North America’s largest professionally managed rental business.
