Travel + Leisure (NYSE:TNL – Get Free Report) was upgraded by Mizuho from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, Marketbeat reports. The brokerage currently has a $72.00 price objective on the stock, up from their previous price objective of $63.00. Mizuho’s price objective would suggest a potential upside of 15.91% from the company’s current price.
Several other equities analysts also recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group reduced their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Barclays reduced their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.27.
Check Out Our Latest Analysis on Travel + Leisure
Travel + Leisure Price Performance
Shares of NYSE TNL traded up $0.25 on Thursday, hitting $62.12. The company’s stock had a trading volume of 934,872 shares, compared to its average volume of 688,028. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $63.28. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 0.56 and a beta of 1.38. The stock has a 50 day moving average of $51.79 and a 200-day moving average of $50.32.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a net margin of 10.77% and a negative return on equity of 46.83%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company earned $1.52 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Sell-side analysts expect that Travel + Leisure will post 6.46 EPS for the current fiscal year.
Insider Buying and Selling at Travel + Leisure
In other news, insider Jeffrey Myers sold 13,922 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $58.00, for a total value of $807,476.00. Following the completion of the sale, the insider owned 165,890 shares of the company’s stock, valued at $9,621,620. This represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Denny Marie Post sold 5,500 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $50.20, for a total transaction of $276,100.00. Following the completion of the sale, the director directly owned 4,477 shares of the company’s stock, valued at $224,745.40. The trade was a 55.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,285 shares of company stock valued at $1,474,767 in the last three months. Company insiders own 3.75% of the company’s stock.
Institutional Investors Weigh In On Travel + Leisure
A number of large investors have recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in Travel + Leisure by 4.8% during the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock valued at $178,822,000 after purchasing an additional 163,804 shares in the last quarter. AQR Capital Management LLC boosted its stake in Travel + Leisure by 28.3% during the 1st quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company’s stock valued at $83,241,000 after acquiring an additional 403,418 shares during the last quarter. Northern Trust Corp boosted its stake in Travel + Leisure by 3.3% during the 1st quarter. Northern Trust Corp now owns 1,071,318 shares of the company’s stock valued at $49,591,000 after acquiring an additional 34,615 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Travel + Leisure by 8.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock valued at $46,039,000 after acquiring an additional 79,430 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Travel + Leisure by 37.7% during the 1st quarter. LSV Asset Management now owns 956,109 shares of the company’s stock valued at $44,258,000 after acquiring an additional 261,528 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.
Travel + Leisure Company Profile
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.
Further Reading
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