Morgan Stanley Forecasts Strong Price Appreciation for Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure (NYSE:TNL) had its target price boosted by research analysts at Morgan Stanley from $78.00 to $83.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 13.03% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Wells Fargo & Company reduced their target price on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Monday, June 1st. Finally, Barclays decreased their target price on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.90.

Travel + Leisure Stock Performance

Shares of TNL opened at $73.43 on Friday. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 0.56 and a beta of 1.16. The company’s 50 day simple moving average is $71.47 and its 200 day simple moving average is $71.61. Travel + Leisure has a 1 year low of $56.29 and a 1 year high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The firm had revenue of $961.00 million for the quarter, compared to analyst estimates of $954.80 million. During the same quarter last year, the business earned $1.11 earnings per share. Travel + Leisure’s revenue was up 2.9% compared to the same quarter last year. Equities analysts expect that Travel + Leisure will post 7.49 EPS for the current fiscal year.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Kimberly Marshall sold 28,000 shares of Travel + Leisure stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the transaction, the insider directly owned 33,191 shares of the company’s stock, valued at $2,329,012.47. The trade was a 45.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Erik D. Hoag acquired 1,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were acquired at an average price of $65.67 per share, with a total value of $65,670.00. Following the completion of the purchase, the chief financial officer owned 1,000 shares of the company’s stock, valued at $65,670. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 31,000 shares of company stock worth $2,161,915. 4.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travel + Leisure

Several hedge funds and other institutional investors have recently made changes to their positions in TNL. Baron Wealth Management LLC boosted its position in Travel + Leisure by 2.8% in the 1st quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock valued at $343,000 after buying an additional 133 shares during the last quarter. Diversified Trust Co grew its stake in shares of Travel + Leisure by 0.7% during the first 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 in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Travel + Leisure by 2.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock worth $408,000 after acquiring an additional 148 shares during the last quarter. Evolve Private Wealth LLC increased its position in shares of Travel + Leisure by 1.7% during the first quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock worth $641,000 after acquiring an additional 156 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Travel + Leisure by 19.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock worth $59,000 after acquiring an additional 189 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.