Travel + Leisure Co. (NYSE:TNL – Get Free Report) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $63.70.
Several research analysts have recently issued reports on the stock. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price target for the stock from $40.00 to $60.00 in a report on Monday, January 27th. JPMorgan Chase & Co. upped their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Truist Financial lifted their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Morgan Stanley started coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective for the company. Finally, The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.
Get Our Latest Stock Analysis on Travel + Leisure
Travel + Leisure Stock Up 0.1 %
NYSE:TNL opened at $48.02 on Tuesday. Travel + Leisure has a twelve month low of $39.91 and a twelve month high of $58.95. The stock’s 50-day simple moving average is $53.64 and its 200 day simple moving average is $50.70. The firm has a market capitalization of $3.20 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The company had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.98 EPS. On average, analysts anticipate that Travel + Leisure will post 6.46 EPS for the current fiscal year.
Travel + Leisure Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.56 dividend. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Monday, March 17th. Travel + Leisure’s dividend payout ratio is currently 38.36%.
Insider Transactions at Travel + Leisure
In other news, insider Michael Dean Brown purchased 2,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares of the company’s stock, valued at $19,070,221.96. The trade was a 0.49 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.02% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its stake in Travel + Leisure by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,955 shares of the company’s stock worth $2,016,000 after purchasing an additional 693 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Travel + Leisure during the 4th quarter worth approximately $4,268,000. Mackenzie Financial Corp increased its stake in shares of Travel + Leisure by 405.4% in the 4th quarter. Mackenzie Financial Corp now owns 64,918 shares of the company’s stock valued at $3,275,000 after acquiring an additional 52,072 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Travel + Leisure during the 4th quarter valued at $713,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Travel + Leisure by 14.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,176 shares of the company’s stock worth $13,782,000 after acquiring an additional 35,275 shares in the last quarter. 87.54% of the stock is owned by institutional investors.
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.
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