Travel + Leisure (NYSE:TNL – Get Free Report) announced its earnings results on Wednesday. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04, Zacks reports. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%.
Travel + Leisure Price Performance
Shares of TNL stock traded up $0.90 during trading hours on Wednesday, reaching $58.35. The company had a trading volume of 173,067 shares, compared to its average volume of 501,287. The company has a 50 day moving average of $52.90 and a 200 day moving average of $49.26. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 0.65 and a beta of 1.64. Travel + Leisure has a 1-year low of $39.91 and a 1-year high of $57.92.
Insider Activity
In other news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the transaction, the insider now owns 111,202 shares of the company’s stock, valued at $6,289,585.12. This represents a 7.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.02% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
TNL has been the topic of several recent analyst reports. Barclays boosted their target price on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their target price on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Stifel Nicolaus boosted their target price on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial upped their price objective on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $60.00 in a report on Monday, January 27th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.50.
Get Our Latest Analysis on TNL
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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