Travel + Leisure (NYSE:TNL – Get Free Report) was upgraded by stock analysts at Wells Fargo & Company to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.
Several other research firms have also recently commented on TNL. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Mizuho set a $86.00 price objective on shares of Travel + Leisure in a report on Wednesday, October 22nd. Barclays increased their target price on shares of Travel + Leisure from $54.00 to $63.00 and gave the stock an “underweight” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Finally, Truist Financial increased their price objective on shares of Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus price target of $70.18.
Read Our Latest Report on Travel + Leisure
Travel + Leisure Trading Up 0.5%
TNL opened at $62.12 on Monday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.55 and a beta of 1.51. Travel + Leisure has a 12 month low of $37.77 and a 12 month high of $70.43. The firm’s fifty day simple moving average is $61.98 and its 200 day simple moving average is $57.54.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. On average, equities research analysts predict that Travel + Leisure will post 6.46 EPS for the current fiscal year.
Insider Activity
In related news, insider Jeffrey Myers sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $66.38, for a total value of $3,319,000.00. Following the completion of the sale, the insider directly owned 63,789 shares in the company, valued at approximately $4,234,313.82. This trade represents a 43.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Amandine Robin-Caplan sold 1,538 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $65.08, for a total value of $100,093.04. Following the transaction, the insider directly owned 3,904 shares in the company, valued at approximately $254,072.32. This trade represents a 28.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 135,692 shares of company stock valued at $8,967,762 in the last 90 days. 3.75% of the stock is owned by company insiders.
Institutional Investors Weigh In On Travel + Leisure
A number of large investors have recently added to or reduced their stakes in TNL. Coldstream Capital Management Inc. acquired a new stake in Travel + Leisure during the 3rd quarter valued at $225,000. Danske Bank A S acquired a new position in shares of Travel + Leisure in the third quarter valued at $30,000. Advisory Services Network LLC bought a new position in shares of Travel + Leisure in the third quarter valued at about $112,000. Dorsey Wright & Associates acquired a new stake in shares of Travel + Leisure during the 3rd quarter worth about $336,000. Finally, Hancock Whitney Corp boosted its holdings in shares of Travel + Leisure by 2.9% during the third quarter. Hancock Whitney Corp now owns 55,706 shares of the company’s stock worth $3,314,000 after acquiring an additional 1,566 shares during the period. Institutional investors 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Travel + Leisure, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Travel + Leisure wasn’t on the list.
While Travel + Leisure currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
Enter your email address and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise.
