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

Travel + Leisure (NYSE:TNL) had its price objective upped by research analysts at Barclays from $48.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential downside of 2.26% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Mizuho reaffirmed a “neutral” rating and issued a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday. Truist Financial boosted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus boosted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the company 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 set an “overweight” rating and a $67.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Travel + Leisure Stock Down 3.3 %

Shares of TNL opened at $55.25 on Thursday. The company has a market capitalization of $3.78 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. The firm has a 50 day moving average of $53.09 and a 200 day moving average of $49.48. Travel + Leisure has a twelve month low of $39.91 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating 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 the consensus estimate of $958.87 million. During the same quarter last year, the firm earned $1.98 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts expect that Travel + Leisure will post 6.5 EPS for the current year.

Insiders Place Their Bets

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the sale, the insider now owns 111,202 shares in the company, valued at $6,289,585.12. The trade was a 7.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

Hedge funds have recently bought and sold shares of 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 grew its holdings in 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 purchasing an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in 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 purchasing an additional 503 shares during the last quarter. Natixis bought a new position in Travel + Leisure during the 4th quarter valued at about $37,000. Finally, UMB Bank n.a. grew its holdings in 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 purchasing 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

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.