Travel + Leisure (NYSE:TNL – Get Free Report) had its price target decreased by research analysts at Morgan Stanley from $61.00 to $52.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 25.71% from the stock’s current price.
Other analysts have also issued research reports about the stock. Truist Financial lifted their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Mizuho reaffirmed a “neutral” rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and upped their target price for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Finally, Tigress Financial boosted their target price on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. One 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.70.
Check Out Our Latest Stock Report on TNL
Travel + Leisure Stock Up 1.3 %
TNL stock opened at $41.36 on Tuesday. The company has a market cap of $2.75 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. Travel + Leisure has a 52 week low of $37.77 and a 52 week high of $58.95. The business has a 50-day simple moving average of $48.52 and a 200 day simple moving average of $50.63.
Travel + Leisure (NYSE:TNL – Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.68 by $0.04. The business had revenue of $971.00 million during 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 revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.98 EPS. On average, analysts anticipate that Travel + Leisure will post 6.46 EPS for the current fiscal year.
Insiders Place Their Bets
In other Travel + Leisure news, insider Michael Dean Brown purchased 2,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the purchase, the insider now directly owns 408,706 shares of the company’s stock, valued at $19,070,221.96. This trade represents a 0.49 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director George Herrera sold 6,336 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares in the company, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.02% of the company’s stock.
Institutional Trading of Travel + Leisure
Several hedge funds have recently modified their holdings of TNL. Barclays PLC lifted its holdings in shares of Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after acquiring an additional 100,440 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in Travel + Leisure by 168.3% during the third quarter. Sanctuary Advisors LLC now owns 16,550 shares of the company’s stock worth $763,000 after buying an additional 10,382 shares during the period. Franklin Resources Inc. raised its stake in shares of Travel + Leisure by 182.9% in the third quarter. Franklin Resources Inc. now owns 51,216 shares of the company’s stock valued at $2,337,000 after acquiring an additional 33,111 shares during the period. Versant Capital Management Inc boosted its stake in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares during the period. Finally, GAMMA Investing LLC raised its position in Travel + Leisure by 30.7% in the 4th quarter. GAMMA Investing LLC now owns 1,615 shares of the company’s stock worth $81,000 after purchasing an additional 379 shares during the period. 87.54% of the stock is owned by hedge funds and other 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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