Truist Financial Forecasts Strong Price Appreciation for Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure (NYSE:TNL - Get Free Report) had its target price hoisted by investment analysts at Truist Financial from $60.00 to $61.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 8.35% from the company's previous close.

TNL has been the subject of several other reports. Stifel Nicolaus increased their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a research report on Tuesday. Tigress Financial lifted their price objective on Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. The Goldman Sachs Group upped their target price on Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Finally, Barclays lifted their target price on Travel + Leisure from $40.00 to $41.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. One investment 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $56.80.

Travel + Leisure Trading Up 2.4 %

NYSE TNL opened at $56.30 on Tuesday. The firm has a market capitalization of $3.85 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61. The business's 50-day moving average price is $48.45 and its two-hundred day moving average price is $45.69. Travel + Leisure has a 12 month low of $35.41 and a 12 month high of $56.91.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. The business had revenue of $993.00 million for the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm's revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 earnings per share. As a group, analysts forecast that Travel + Leisure will post 5.77 earnings per share for the current fiscal year.

Insider Activity at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares of the company's stock, valued at approximately $1,024,703.44. This represents a 11.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the transaction, the director now owns 362,947 shares in the company, valued at approximately $17,258,129.85. This trade represents a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,055 shares of company stock valued at $4,544,170. 4.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travel + Leisure

Institutional investors have recently added to or reduced their stakes in the company. Swedbank AB purchased a new position in Travel + Leisure in the first quarter worth $33,598,000. Millennium Management LLC grew its holdings in shares of Travel + Leisure by 440.7% during the second quarter. Millennium Management LLC now owns 614,141 shares of the company's stock worth $27,624,000 after purchasing an additional 500,554 shares in the last quarter. Acadian Asset Management LLC increased its stake in Travel + Leisure by 318.4% in the second quarter. Acadian Asset Management LLC now owns 405,252 shares of the company's stock valued at $18,217,000 after acquiring an additional 308,391 shares during the last quarter. Algert Global LLC increased its stake in Travel + Leisure by 168.9% in the third quarter. Algert Global LLC now owns 319,279 shares of the company's stock valued at $14,712,000 after acquiring an additional 200,549 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Travel + Leisure during the second quarter valued at about $7,480,000. 87.54% of the stock is owned by institutional investors.

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.

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