Travel + Leisure Co. (NYSE:TNL) Receives $84.45 Consensus PT from Brokerages

Travel + Leisure Co. (NYSE:TNL) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $85.90.

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus set a $89.00 price objective on shares of Travel + Leisure in a research note on Wednesday, February 18th. Truist Financial boosted their price target on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. The Goldman Sachs Group upped their price target on Travel + Leisure from $71.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Citizens Jmp raised their price objective on Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a research note on Thursday, February 19th. Finally, Wells Fargo & Company boosted their target price on Travel + Leisure from $81.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th.

Insiders Place Their Bets

In other Travel + Leisure news, insider Michael Dean Brown sold 25,938 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.85, for a total transaction of $1,941,459.30. Following the completion of the transaction, the insider owned 427,821 shares of the company’s stock, valued at $32,022,401.85. The trade was a 5.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amandine Robin-Caplan sold 3,904 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $74.61, for a total transaction of $291,277.44. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 96,702 shares of company stock valued at $7,182,383 over the last 90 days. 3.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its stake in Travel + Leisure by 231.1% during the third quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock worth $41,143,000 after buying an additional 482,731 shares during the last quarter. Compass Wealth Management LLC bought a new position in shares of Travel + Leisure in the third quarter valued at approximately $1,707,000. ING Groep NV boosted its holdings in shares of Travel + Leisure by 115.0% in the 3rd quarter. ING Groep NV now owns 63,000 shares of the company’s stock worth $3,748,000 after acquiring an additional 33,700 shares in the last quarter. Advisors Capital Management LLC grew its position in Travel + Leisure by 1.1% during the 2nd quarter. Advisors Capital Management LLC now owns 399,794 shares of the company’s stock worth $20,633,000 after acquiring an additional 4,242 shares during the last quarter. Finally, Ethic Inc. increased its holdings in Travel + Leisure by 132.0% during the 3rd quarter. Ethic Inc. now owns 27,108 shares of the company’s stock valued at $1,613,000 after purchasing an additional 15,422 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $75.50 on Tuesday. The business has a 50 day simple moving average of $72.75 and a 200 day simple moving average of $67.04. Travel + Leisure has a 52 week low of $37.77 and a 52 week high of $81.00. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 0.57 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.83. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.72 earnings per share. On average, analysts predict that Travel + Leisure will post 6.46 EPS for the current year.

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.