Wells Fargo & Company Raises Travel + Leisure (NYSE:TNL) Price Target to $88.00

Travel + Leisure (NYSE:TNL) had its price objective raised by equities researchers at Wells Fargo & Company from $81.00 to $88.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 15.70% from the company’s current price.

TNL has been the topic of several other research reports. Mizuho set a $86.00 price objective on Travel + Leisure in a research note on Wednesday, October 22nd. Oppenheimer reissued an “outperform” rating and issued a $85.00 target price on shares of Travel + Leisure in a report on Wednesday. Barclays set a $78.00 price target on shares of Travel + Leisure in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, January 21st. Finally, Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.45.

Travel + Leisure Trading Up 0.8%

TNL opened at $76.06 on Thursday. The firm’s 50 day simple moving average is $72.22 and its two-hundred day simple moving average is $66.09. The company has a market capitalization of $4.75 billion, a PE ratio of 22.31, a PEG ratio of 0.64 and a beta of 1.38. Travel + Leisure has a 1-year low of $37.77 and a 1-year high of $81.00.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, hitting the consensus estimate of $1.83. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $1.72 EPS. Travel + Leisure’s revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 559 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total transaction of $38,112.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 62,525 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $65.17, for a total value of $4,074,754.25. Following the transaction, the insider owned 39,604 shares of the company’s stock, valued at approximately $2,580,992.68. The trade was a 61.22% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.75% of the stock is owned by insiders.

Institutional Trading of Travel + Leisure

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in shares of Travel + Leisure by 2.6% during the 4th 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 in the last quarter. Rossby Financial LCC grew its holdings in shares of Travel + Leisure by 13.1% in the third quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock valued at $85,000 after purchasing an additional 163 shares in the last quarter. Optas LLC increased its position in Travel + Leisure by 4.3% in the third quarter. Optas LLC now owns 4,542 shares of the company’s stock worth $270,000 after purchasing an additional 189 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Travel + Leisure by 19.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock valued at $59,000 after purchasing an additional 189 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Travel + Leisure by 17.8% during the fourth quarter. Signaturefd LLC now owns 1,276 shares of the company’s stock valued at $90,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Company Profile

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.