Travel + Leisure (NYSE:TNL) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Travel + Leisure (NYSE:TNL) had its price objective boosted by research analysts at The Goldman Sachs Group from $61.00 to $71.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 1.27% from the stock’s current price.

Several other brokerages have also recently commented on TNL. Barclays raised their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Morgan Stanley set a $68.00 price objective on shares of Travel + Leisure in a research report on Wednesday. Finally, Mizuho set a $86.00 price target on shares of Travel + Leisure in a research report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

Travel + Leisure Stock Up 15.6%

Shares of TNL stock opened at $70.11 on Thursday. Travel + Leisure has a 52 week low of $37.77 and a 52 week high of $70.43. The stock has a market capitalization of $4.55 billion, a PE ratio of 12.09, a P/E/G ratio of 0.59 and a beta of 1.47. The firm has a 50 day moving average of $61.28 and a two-hundred day moving average of $54.43.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.72 by $0.08. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $1.57 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 2,200 shares of Travel + Leisure stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total value of $133,056.00. Following the transaction, the director directly owned 559 shares in the company, valued at approximately $33,808.32. The trade was a 79.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Geoffrey Richards sold 124,454 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the transaction, the insider owned 118,718 shares in the company, valued at approximately $7,426,998.08. This trade represents a 51.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of Travel + Leisure by 26.6% in the first quarter. GAMMA Investing LLC now owns 2,044 shares of the company’s stock valued at $95,000 after purchasing an additional 429 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Travel + Leisure by 5.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,018 shares of the company’s stock valued at $1,945,000 after purchasing an additional 2,063 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Travel + Leisure by 3.5% in the first quarter. Janney Montgomery Scott LLC now owns 49,397 shares of the company’s stock valued at $2,287,000 after purchasing an additional 1,672 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Travel + Leisure by 58.2% during the first quarter. Diversified Trust Co now owns 25,473 shares of the company’s stock valued at $1,179,000 after buying an additional 9,368 shares during the period. Finally, Vista Investment Partners II LLC purchased a new position in shares of Travel + Leisure during the first quarter valued at approximately $1,405,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Company Profile

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.