Travel + Leisure (NYSE:TNL) Price Target Raised to $85.00

Travel + Leisure (NYSE:TNL) had its target price lifted by equities research analysts at Morgan Stanley from $83.00 to $85.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 15.31% from the stock’s previous close.

A number of other brokerages have also weighed in on TNL. Zacks Research upgraded Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Wells Fargo & Company boosted their price objective on Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Susquehanna assumed coverage on shares of Travel + Leisure in a research report on Tuesday. They issued a “positive” rating and a $95.00 price objective on the stock. Finally, Mizuho raised their target price on shares of Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $87.82.

Travel + Leisure Price Performance

NYSE TNL opened at $73.71 on Tuesday. The company’s 50 day simple moving average is $75.22 and its two-hundred day simple moving average is $72.07. Travel + Leisure has a 1 year low of $57.86 and a 1 year high of $81.00. The stock has a market capitalization of $4.51 billion, a PE ratio of 20.10, a P/E/G ratio of 0.51 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, meeting analysts’ consensus estimates of $1.88. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 EPS. On average, research analysts anticipate that Travel + Leisure will post 7.68 EPS for the current year.

Insider Buying and Selling at Travel + Leisure

In other news, insider Geoffrey Richards sold 33,744 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $75.65, for a total value of $2,552,733.60. Following the completion of the transaction, the insider directly owned 1,600 shares in the company, valued at approximately $121,040. This represents a 95.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 500 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the transaction, the director owned 1,353 shares in the company, valued at $101,691.48. This trade represents a 26.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,135 shares of company stock worth $7,022,699 over the last 90 days. Corporate insiders own 4.01% of the company’s stock.

Institutional Trading of Travel + Leisure

A number of hedge funds have recently bought and sold shares of TNL. Baron Wealth Management LLC boosted its stake in Travel + Leisure by 2.8% in the first quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock worth $343,000 after buying an additional 133 shares in the last quarter. Diversified Trust Co raised its stake in shares of Travel + Leisure by 0.7% during the first quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock worth $1,342,000 after acquiring an additional 137 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Travel + Leisure by 2.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock worth $408,000 after acquiring an additional 148 shares during the last quarter. Evolve Private Wealth LLC lifted its holdings in shares of Travel + Leisure by 1.7% in the 1st quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock worth $641,000 after acquiring an additional 156 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Travel + Leisure by 19.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock valued at $59,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

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.