Wyndham Destinations (NASDAQ:WYND) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports. They currently have a $48.00 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.45% from the company’s previous close.

According to Zacks, “Wyndham Destinations, Inc. operates as a hospitality company. It offers hotel management and vacation exchange and rental services, as well as develops, markets and sells vacation ownership interests to individual consumers. The Company franchises hotels in the upscale, midscale, and economy segments of the lodging industries. Wyndham Destinations, Inc., formerly known as Wyndham Worldwide Corporation, is based in FL, United States. “

Several other research firms have also recently commented on WYND. SunTrust Banks set a $75.00 target price on shares of Wyndham Destinations and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Nomura upped their target price on shares of Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Wyndham Destinations has an average rating of “Hold” and a consensus target price of $55.83.

Shares of NASDAQ:WYND traded up $0.57 during trading on Thursday, reaching $43.46. 22,910 shares of the company’s stock traded hands, compared to its average volume of 814,786. Wyndham Destinations has a 12 month low of $33.55 and a 12 month high of $49.75. The company has a 50 day moving average of $43.90 and a 200-day moving average of $43.29.

Wyndham Destinations (NASDAQ:WYND) last posted its earnings results on Tuesday, July 30th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.36 by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $1.25 EPS. Wyndham Destinations’s revenue for the quarter was up 3.2% on a year-over-year basis.

In related news, Director George Herrera sold 757 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $41.12, for a total transaction of $31,127.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Dean Brown bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $40.16 per share, with a total value of $200,800.00. The disclosure for this purchase can be found here.

A number of hedge funds have recently added to or reduced their stakes in WYND. Poehling Capital Management LLC purchased a new position in Wyndham Destinations during the 1st quarter valued at approximately $335,000. OppenheimerFunds Inc. purchased a new position in Wyndham Destinations during the 1st quarter valued at approximately $13,773,000. First Eagle Investment Management LLC purchased a new position in Wyndham Destinations during the 1st quarter valued at approximately $68,653,000. Neuberger Berman Group LLC purchased a new position in Wyndham Destinations during the 1st quarter valued at approximately $36,396,000. Finally, Mork Capital Management LLC purchased a new position in Wyndham Destinations during the 1st quarter valued at approximately $854,000.

About Wyndham Destinations

Wyndham Destinations, Inc 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. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.

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