Travel + Leisure (NYSE:TNL) Stock Price Expected to Rise, Barclays Analyst Says

Travel + Leisure (NYSE:TNL) had its price objective boosted by equities researchers at Barclays from $54.00 to $63.00 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective indicates a potential downside of 3.39% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Morgan Stanley set a $68.00 price target on shares of Travel + Leisure in a research note on Wednesday. The Goldman Sachs Group increased their price target on shares of Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Finally, Mizuho set a $86.00 price target on shares of Travel + Leisure in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.90.

Travel + Leisure Stock Up 0.1%

Shares of NYSE:TNL opened at $65.21 on Thursday. The firm’s 50 day moving average price is $61.47 and its 200 day moving average price is $54.79. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.63 and a beta of 1.47. Travel + Leisure has a fifty-two week low of $37.77 and a fifty-two week high of $70.43.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 earnings per share. On average, equities analysts anticipate that Travel + Leisure will post 6.46 EPS for the current year.

Insider Buying and Selling

In related news, insider Kimberly Marshall sold 16,500 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $65.00, for a total transaction of $1,072,500.00. Following the completion of the sale, the insider directly owned 40,236 shares of the company’s stock, valued at $2,615,340. This trade represents a 29.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George Herrera sold 2,200 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total value of $133,056.00. Following the sale, the director directly owned 559 shares of the company’s stock, valued at approximately $33,808.32. This represents a 79.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,104 shares of company stock valued at $1,296,114 in the last ninety days. Company insiders own 3.75% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Hedge funds have recently modified their holdings of the stock. Hillsdale Investment Management Inc. acquired a new stake in shares of Travel + Leisure during the second quarter worth $27,000. Parkside Financial Bank & Trust lifted its holdings in shares of Travel + Leisure by 155.3% during the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after purchasing an additional 382 shares during the period. Elequin Capital LP acquired a new stake in shares of Travel + Leisure during the first quarter worth $30,000. SJS Investment Consulting Inc. lifted its holdings in shares of Travel + Leisure by 13,383.3% during the third quarter. SJS Investment Consulting Inc. now owns 809 shares of the company’s stock worth $48,000 after purchasing an additional 803 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Travel + Leisure during the second quarter worth $45,000. 87.54% of the stock is owned by institutional investors and hedge funds.

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.