Travel + Leisure Co. (NYSE:TNL) Receives Average Recommendation of “Moderate Buy” from Analysts

Travel + Leisure Co. (NYSE:TNL) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $85.90.

A number of analysts have weighed in on the company. Wells Fargo & Company raised their price target on Travel + Leisure from $81.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Mizuho set a $107.00 price objective on Travel + Leisure in a report on Thursday, February 19th. Oppenheimer reissued an “outperform” rating and set a $85.00 target price on shares of Travel + Leisure in a research report on Wednesday, February 18th. The Goldman Sachs Group boosted their target price on Travel + Leisure from $71.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Finally, Morgan Stanley upped their price target on Travel + Leisure from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, January 16th.

Insider Activity at Travel + Leisure

In other news, insider Amandine Robin-Caplan sold 3,904 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $74.61, for a total transaction of $291,277.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Dean Brown sold 25,938 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.85, for a total transaction of $1,941,459.30. Following the completion of the transaction, the insider owned 427,821 shares of the company’s stock, valued at approximately $32,022,401.85. The trade was a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 96,702 shares of company stock valued at $7,182,383 in the last 90 days. Insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Large investors have recently bought and sold shares of the stock. Danske Bank A S acquired a new stake in shares of Travel + Leisure during the third quarter worth about $30,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Travel + Leisure in the 2nd quarter valued at about $27,000. CNB Bank purchased a new position in Travel + Leisure during the 3rd quarter worth approximately $32,000. N.E.W. Advisory Services LLC purchased a new position in Travel + Leisure during the 4th quarter worth approximately $43,000. Finally, Parkside Financial Bank & Trust increased its position in Travel + Leisure by 155.3% during the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after buying an additional 382 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Trading Down 3.1%

Shares of NYSE:TNL opened at $73.13 on Tuesday. Travel + Leisure has a 52 week low of $37.77 and a 52 week high of $81.00. The company’s 50 day moving average is $72.77 and its two-hundred day moving average is $67.18. The company has a market cap of $4.56 billion, a PE ratio of 21.45, a P/E/G ratio of 0.55 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.83. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $1.72 EPS. As a group, equities research analysts expect that Travel + Leisure will post 6.46 EPS for the current year.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.