Travel + Leisure (NYSE:TNL) Given New $75.00 Price Target at Susquehanna

Travel + Leisure (NYSE:TNL) had its price objective dropped by research analysts at Susquehanna from $95.00 to $75.00 in a report released on Thursday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 19.79% from the company’s current price.

Several other research firms have also recently weighed in on TNL. Citigroup reiterated a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Mizuho raised their target price on Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Zacks Research cut shares of Travel + Leisure from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. began coverage on shares of Travel + Leisure in a report on Thursday, October 8th. They set a “neutral” rating and a $70.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.92.

Travel + Leisure Price Performance

Shares of TNL stock opened at $62.61 on Thursday. The stock has a market capitalization of $3.83 billion, a PE ratio of 17.11, a PEG ratio of 0.63 and a beta of 1.19. The business’s 50 day simple moving average is $67.35 and its 200 day simple moving average is $70.21. Travel + Leisure has a one year low of $59.45 and a one year high of $81.00.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.65 EPS. As a group, research analysts expect that Travel + Leisure will post 7.60 earnings per share for the current year.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Kimberly Marshall sold 32,691 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $75.00, for a total transaction of $2,451,825.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Michael Duncan sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the sale, the chief accounting officer owned 5,307 shares of the company’s stock, valued at $393,567.12. This trade represents a 79.03% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 86,635 shares of company stock valued at $6,503,559. 4.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travel + Leisure

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Travel + Leisure in the 2nd quarter valued at about $543,957,000. State Street Corp increased its holdings in Travel + Leisure by 0.4% during the 2nd quarter. State Street Corp now owns 2,157,772 shares of the company’s stock worth $164,919,000 after purchasing an additional 7,641 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Travel + Leisure by 21.7% during the 1st quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company’s stock worth $90,329,000 after purchasing an additional 232,711 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Travel + Leisure by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 802,110 shares of the company’s stock worth $61,305,000 after purchasing an additional 40,573 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Travel + Leisure in the second quarter worth approximately $55,087,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

About Travel + Leisure

Travel + Leisure Co (NYSE:TNL) is a global hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. Its portfolio includes vacation-ownership programs and resorts operated under brands such as Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and other affiliated offerings. These programs provide members with access to vacation accommodations, resort stays, and travel-related benefits.

The company also operates travel-exchange and membership businesses that enable customers to exchange timeshare interests, arrange accommodations, and access travel experiences.