Morgan Stanley Issues Pessimistic Forecast for Travel + Leisure (NYSE:TNL) Stock Price

Travel + Leisure (NYSE:TNL) had its price target reduced by equities research analysts at Morgan Stanley from $61.00 to $52.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 20.73% from the stock’s current price.

A number of other equities research analysts have also weighed in on TNL. The Goldman Sachs Group decreased their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Mizuho restated a “neutral” rating and issued a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Barclays boosted their price target on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Finally, Tigress Financial raised their target price on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $60.70.

Travel + Leisure Trading Up 1.0 %

Shares of NYSE TNL opened at $43.07 on Tuesday. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $58.95. The firm’s 50-day moving average price is $47.98 and its 200-day moving average price is $50.52. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.01). The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $933.08 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. On average, equities analysts predict that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Insider Buying and Selling at Travel + Leisure

In other news, insider Michael Dean Brown purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares of the company’s stock, valued at $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George Herrera sold 6,336 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares of the company’s stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TNL. Jones Financial Companies Lllp purchased a new stake in Travel + Leisure in the fourth quarter valued at $25,000. Versant Capital Management Inc raised its holdings in 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 acquiring an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after purchasing an additional 503 shares during the last quarter. Natixis purchased a new stake in Travel + Leisure during the 4th quarter worth about $37,000. Finally, UMB Bank n.a. lifted its stake in Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

About Travel + Leisure

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.