Mizuho reissued their neutral rating on shares of Travel + Leisure (NYSE:TNL - Free Report) in a report published on Thursday,Benzinga reports. The firm currently has a $64.00 price target on the stock, up from their prior price target of $55.00.
Several other research analysts have also commented on TNL. Stifel Nicolaus upped their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Tigress Financial upped their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, November 1st. The Goldman Sachs Group upped their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upped their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Finally, Morgan Stanley started coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They issued an "overweight" rating and a $67.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.00.
Read Our Latest Stock Report on Travel + Leisure
Travel + Leisure Trading Down 3.3 %
NYSE TNL traded down $1.87 during trading on Thursday, hitting $55.25. The company had a trading volume of 627,020 shares, compared to its average volume of 541,015. Travel + Leisure has a one year low of $39.91 and a one year high of $58.95. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. The company's fifty day moving average is $53.09 and its 200-day moving average is $49.48.
Travel + Leisure (NYSE:TNL - Get Free Report) last issued 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 business had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. During the same period in the prior year, the business earned $1.98 EPS. The company's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts anticipate that Travel + Leisure will post 6.5 EPS for the current year.
Insider Activity at Travel + Leisure
In related news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the sale, the insider now directly owns 111,202 shares of the company's stock, valued at approximately $6,289,585.12. This represents a 7.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.02% of the stock is currently owned by insiders.
Institutional Trading of Travel + Leisure
Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new stake in shares of Travel + Leisure during the 4th quarter valued at about $25,000. Versant Capital Management Inc boosted its holdings in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after acquiring an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Travel + Leisure by 314.4% during the 4th 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 last quarter. Natixis purchased a new stake in shares of Travel + Leisure during the 4th quarter valued at about $37,000. Finally, UMB Bank n.a. boosted its holdings in shares of Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.
About Travel + Leisure
(
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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.
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