Brokerages Set Travel + Leisure Co. (NYSE:TNL) PT at $62.00

Shares of Travel + Leisure Co. (NYSE:TNL - Get Free Report) have received an average rating of "Moderate Buy" from the ten research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $62.00.

Several equities research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Mizuho reaffirmed a "neutral" rating and issued a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday. Stifel Nicolaus lifted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Morgan Stanley initiated coverage on Travel + Leisure in a report on Monday, January 6th. They set an "overweight" rating and a $67.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, December 13th.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the transaction, the insider now directly owns 111,202 shares of the company's stock, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. 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 position in Travel + Leisure by 49.2% during 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 holdings in 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 acquiring an additional 503 shares during the period. Natixis acquired a new position in Travel + Leisure in the fourth quarter valued at approximately $37,000. Finally, UMB Bank n.a. boosted its holdings 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 buying an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Travel + Leisure Price Performance

Shares of NYSE TNL traded down $1.87 during mid-day trading on Friday, hitting $55.25. 627,020 shares of the company's stock traded hands, compared to its average volume of 541,015. The company has a market capitalization of $3.78 billion, a P/E ratio of 9.46, a PEG ratio of 0.67 and a beta of 1.64. Travel + Leisure has a 1 year low of $39.91 and a 1 year high of $58.95. The company's 50-day moving average is $53.05 and its two-hundred day moving average is $49.38.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. During the same period in the previous year, the firm earned $1.98 earnings per share. Travel + Leisure's quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts anticipate that Travel + Leisure will post 6.5 EPS for the current fiscal year.

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.