Travel + Leisure Co. (NYSE:TNL) Receives $59.50 Consensus PT from Brokerages

Shares of Travel + Leisure Co. (NYSE:TNL - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $59.55.

Several research firms have recently commented on TNL. Tigress Financial boosted their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 1st. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $40.00 to $60.00 in a research report on Monday. Morgan Stanley assumed coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They issued an "overweight" rating and a $67.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Finally, Barclays raised their target price on Travel + Leisure from $41.00 to $48.00 and gave the company an "underweight" rating in a report on Friday, December 13th.

Insider Activity

In related news, insider Geoffrey Richards sold 5,009 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total value of $261,269.44. Following the sale, the insider now owns 125,209 shares of the company's stock, valued at approximately $6,530,901.44. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 19,016 shares of company stock valued at $1,042,863 in the last ninety days. 4.02% of the stock is currently owned by insiders.

Institutional Trading of Travel + Leisure

A number of large investors have recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company's stock valued at $25,000 after buying an additional 526 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after acquiring an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after acquiring an additional 503 shares during the period. Brooklyn Investment Group bought a new position in shares of Travel + Leisure in the third quarter worth $43,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Travel + Leisure in the third quarter valued at $44,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

Shares of TNL traded up $1.14 during trading hours on Monday, hitting $54.31. The stock had a trading volume of 691,148 shares, compared to its average volume of 501,570. Travel + Leisure has a 1-year low of $39.66 and a 1-year high of $56.91. The firm has a market capitalization of $3.71 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 0.68 and a beta of 1.64. The firm has a 50 day simple moving average of $52.65 and a 200-day simple moving average of $48.27.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.50 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.68%. Travel + Leisure's dividend payout ratio is currently 33.96%.

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.