Brokerages Set Travel + Leisure Co. (NYSE:TNL) Price Target at $59.50

Travel + Leisure Co. (NYSE:TNL) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $59.55.

A number of brokerages have issued reports on TNL. Morgan Stanley began coverage on Travel + Leisure in a research report on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Tigress Financial increased their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and increased their target price for the stock from $40.00 to $60.00 in a research report on Monday. Finally, Stifel Nicolaus increased their target price on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $54.40 on Monday. Travel + Leisure has a 1 year low of $39.66 and a 1 year high of $56.91. The stock has a market capitalization of $3.72 billion, a P/E ratio of 9.24, a PEG ratio of 0.68 and a beta of 1.64. The stock has a 50-day simple moving average of $52.72 and a 200-day simple moving average of $48.37.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.50 per share. 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 (DPR) is presently 33.96%.

Insider Activity

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.56, for a total transaction of $531,664.00. Following the transaction, the insider now owns 111,202 shares in the company, valued at $6,289,585.12. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 19,016 shares of company stock valued at $1,042,863 over the last three months. Insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Several hedge funds and other institutional investors have recently modified their holdings of the business. UMB Bank n.a. lifted its stake in shares of Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares during the period. Versant Capital Management Inc lifted its stake in shares of Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after purchasing an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after purchasing an additional 503 shares during the period. Brooklyn Investment Group acquired a new position in shares of Travel + Leisure in the 3rd quarter valued at about $43,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Travel + Leisure in the 3rd quarter valued at about $44,000. Institutional investors own 87.54% of the company’s stock.

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.