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 closed yesterday at $43.09.
Zaffino wrote:
“Management remains focused on steady tour growth, as it leverages new locations, expanded marketing partnerships and its relationship with Wyndham Hotels. Management continues to address elevated default levels and believes it can lower the loss provision to historical levels of 15% over time vs. 21% currently. The stock now boasts a highly attractive ~3.8% dividend yield and a 13.8% FCF yield. 2018PF/2019E FCF of $560M/$597M should go toward the dividend, modest debt paydown and the $1B share repurchase authorization. Owing solely to the impact of Beach, we lower 3Q18E/2018E EBITDA to $258M/$955M from $268M/$965M. $66 PT.”
According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 3.9% and a 56.0% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Peak Resorts, and CDK Global.
Currently, the analyst consensus on Wyndham Destinations Inc is a Moderate Buy with an average price target of $65.50.
See today’s analyst top recommended stocks >>
Based on Wyndham Destinations Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.01 billion and GAAP net loss of $54 million. In comparison, last year the company earned revenue of $1.48 billion and had a net profit of $78 million.
Based on the recent corporate insider activity of 111 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WYND in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
