Travel + Leisure Co. (NYSE:TNL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Travel + Leisure Co. (NYSE:TNL) have received an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $62.00.

Several research firms have commented on TNL. Tigress Financial lifted their price target on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Morgan Stanley began coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective for the company. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Finally, Truist Financial boosted their price target on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th.

Travel + Leisure Stock Performance

TNL stock opened at $57.23 on Friday. The stock has a market capitalization of $3.91 billion, a P/E ratio of 9.72, a PEG ratio of 0.66 and a beta of 1.64. Travel + Leisure has a one year low of $39.91 and a one year high of $58.95. The company has a 50 day moving average price of $53.05 and a two-hundred day moving average price of $49.38.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.98 earnings per share. Research analysts forecast that Travel + Leisure will post 5.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Geoffrey Richards sold 9,400 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the sale, the insider now owns 111,202 shares of the company’s stock, valued at $6,289,585.12. This represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new position in Travel + Leisure in the 4th quarter worth approximately $25,000. Versant Capital Management Inc boosted its stake in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after purchasing an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after purchasing an additional 503 shares during the period. Natixis purchased a new position in shares of Travel + Leisure in the fourth quarter valued at $37,000. Finally, UMB Bank n.a. boosted its position in Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after buying an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.