Travel + Leisure (NYSE:TNL – Get Free Report) had its price objective cut by stock analysts at The Goldman Sachs Group from $62.00 to $44.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 6.90% from the company’s current price.
A number of other brokerages also recently commented on TNL. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Barclays boosted their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Mizuho reiterated a “neutral” rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Truist Financial boosted their target price on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Morgan Stanley assumed coverage on Travel + Leisure in a research note on Monday, January 6th. They set an “overweight” rating and a $67.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus price target of $62.20.
Read Our Latest Stock Analysis on Travel + Leisure
Travel + Leisure Trading Down 1.0 %
Shares of TNL traded down $0.43 during midday trading on Monday, hitting $41.16. The stock had a trading volume of 269,990 shares, compared to its average volume of 619,806. Travel + Leisure has a fifty-two week low of $37.77 and a fifty-two week high of $58.95. The business has a 50-day simple moving average of $50.26 and a two-hundred day simple moving average of $50.83. The firm has a market cap of $2.75 billion, a P/E ratio of 7.05, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 EPS. On average, analysts expect that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.
Insider Activity at Travel + Leisure
In related news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, the director now directly owns 2,759 shares of the company’s stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Dean Brown purchased 2,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the acquisition, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.02% of the company’s stock.
Institutional Investors Weigh In On Travel + Leisure
Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in shares of Travel + Leisure in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc raised its holdings in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after purchasing an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after buying an additional 503 shares during the last quarter. Natixis bought a new stake in Travel + Leisure in the 4th quarter valued at $37,000. Finally, UMB Bank n.a. grew its position in shares of Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.
About Travel + Leisure
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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