Travel + Leisure (NYSE:TNL – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.
A number of other brokerages have also issued reports on TNL. JPMorgan Chase & Co. lifted their price target on Travel + Leisure from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. Weiss Ratings downgraded Travel + Leisure from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday. Morgan Stanley reissued an “overweight” rating and issued a $86.00 price objective on shares of Travel + Leisure in a research note on Thursday, October 22nd. Truist Financial decreased their price objective on Travel + Leisure from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Finally, The Goldman Sachs Group lowered their target price on shares of Travel + Leisure from $87.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, October 15th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Travel + Leisure has an average rating of “Moderate Buy” and a consensus target price of $85.25.
Travel + Leisure Trading Up 3.3%
Shares of Travel + Leisure stock opened at $77.87 on Tuesday. Travel + Leisure has a twelve month low of $60.34 and a twelve month high of $81.00. The firm has a market capitalization of $4.69 billion, a PE ratio of 20.93, a P/E/G ratio of 0.74 and a beta of 1.21. The firm’s 50-day moving average price is $66.03 and its 200 day moving average price is $70.52.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.05 by $0.16. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 5.66%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business earned $1.80 EPS. Travel + Leisure’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Travel + Leisure will post 7.77 EPS for the current fiscal year.
Insider Activity at Travel + Leisure
In related news, CAO Thomas Michael Duncan sold 20,000 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the transaction, the chief accounting officer owned 5,307 shares in the company, valued at approximately $393,567.12. This trade represents a 79.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.01% of the company’s stock.
Hedge Funds Weigh In On Travel + Leisure
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Bancorp Inc ME purchased a new stake in shares of Travel + Leisure during the 2nd quarter valued at approximately $27,000. Elevation Wealth Partners LLC lifted its holdings in Travel + Leisure by 413.3% in the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock valued at $35,000 after acquiring an additional 372 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Travel + Leisure during the second quarter worth $46,000. Assetmark Inc. increased its stake in Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after acquiring an additional 191 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in Travel + Leisure by 27.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock worth $88,000 after acquiring an additional 265 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.
Travel + Leisure Company Profile
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.
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