Travel + Leisure Co. (NYSE:TNL) Stock Has Average Target Price of $87.58

Shares of Travel + Leisure Co. (NYSE:TNL – Get Free Report) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $85.17.

TNL has been the topic of several analyst reports. Morgan Stanley lifted their target price on Travel + Leisure from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Zacks Research downgraded Travel + Leisure from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. The Goldman Sachs Group lowered their price target on Travel + Leisure from $87.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. Wells Fargo & Company dropped their price objective on Travel + Leisure from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Citigroup restated a “market outperform” rating on shares of Travel + Leisure in a research note on Thursday, July 23rd.

Check Out Our Latest Stock Analysis on Travel + Leisure

Travel + Leisure Stock Performance

TNL stock opened at $67.05 on Wednesday. The company has a market capitalization of $4.10 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 0.66 and a beta of 1.19. Travel + Leisure has a 52-week low of $60.04 and a 52-week high of $81.00. The business has a 50-day simple moving average of $66.57 and a two-hundred day simple moving average of $70.12.

Travel + Leisure (NYSE:TNL – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, hitting 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 negative return on equity of 46.91% and a net margin of 5.81%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. As a group, sell-side analysts forecast that Travel + Leisure will post 7.47 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $0.60 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $2.40 annualized dividend and a dividend yield of 3.6%. Travel + Leisure’s dividend payout ratio is presently 65.57%.

Insider Activity

In other news, insider Kimberly Marshall sold 32,691 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $75.00, for a total value of $2,451,825.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Geoffrey Richards sold 33,744 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the transaction, the insider directly owned 1,600 shares in the company, valued at $121,040. The trade was a 95.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 86,635 shares of company stock worth $6,503,559 over the last quarter. Insiders own 4.01% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Institutional investors have recently added to or reduced their stakes in the company. 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 valued at $343,000 after acquiring an additional 133 shares during the last quarter. Diversified Trust Co grew its position in shares of Travel + Leisure by 0.7% during the 1st quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock valued at $1,342,000 after acquiring an additional 137 shares during the period. Evolve Private Wealth LLC grew its position in shares of Travel + Leisure by 1.7% during the 1st quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock valued at $641,000 after acquiring an additional 156 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Travel + Leisure by 3.8% during the 1st quarter. Sanctuary Advisors LLC now owns 5,234 shares of the company’s stock worth $362,000 after purchasing an additional 190 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Company Profile

(Get Free Report)

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure travel company that operates vacation ownership, exchange, and membership businesses. The company provides travelers with access to resort accommodations, vacation experiences, travel services, and related lifestyle offerings through a portfolio of consumer brands.

Its vacation ownership business includes brands such as Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club, offering members interests in vacation properties and access to resort destinations.

See Also

Analyst Recommendations for Travel + Leisure (NYSE:TNL)

Receive News & Ratings for Travel + Leisure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travel + Leisure and related companies with MarketBeat.com's FREE daily email newsletter.