Travel + Leisure (NYSE:TNL) Stock Rating Raised to Hold at Zacks Research

Travel + Leisure (NYSE:TNL) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

TNL has been the topic of a number of other research reports. Wells Fargo & Company dropped their target price on shares of Travel + Leisure from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Susquehanna decreased their price target on shares of Travel + Leisure from $95.00 to $75.00 and set a “positive” rating for the company in a research note on Thursday, October 15th. The Goldman Sachs Group dropped their price objective on shares of Travel + Leisure from $87.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, October 15th. Citigroup reissued a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Finally, Weiss Ratings downgraded Travel + Leisure from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target of $85.25.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $77.87 on Tuesday. The company has a market cap of $4.69 billion, a P/E ratio of 20.93, a PEG ratio of 0.74 and a beta of 1.21. The stock has a 50 day simple moving average of $66.03 and a two-hundred day simple moving average of $70.52. Travel + Leisure has a fifty-two week low of $60.34 and a fifty-two week high of $81.00.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 5.66%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.80 EPS. On average, research analysts predict that Travel + Leisure will post 7.77 earnings per share for the current year.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, CAO Thomas Michael Duncan sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total value of $1,483,200.00. Following the transaction, the chief accounting officer directly owned 5,307 shares of the company’s stock, valued at approximately $393,567.12. This trade represents a 79.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.01% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Several hedge funds and other institutional investors have recently made changes to their positions in TNL. First Bancorp Inc ME bought a new position in Travel + Leisure in the 2nd quarter valued at about $27,000. Elevation Wealth Partners LLC boosted its stake in Travel + Leisure by 413.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock valued at $35,000 after purchasing an additional 372 shares during the last quarter. Assetmark Inc. boosted its stake in Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after purchasing an additional 191 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Travel + Leisure during the 2nd quarter worth approximately $46,000. Finally, Rockefeller Capital Management L.P. increased its holdings in Travel + Leisure by 27.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock worth $88,000 after purchasing an additional 265 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

About Travel + Leisure

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure travel company that operates vacation ownership, exchange, and membership businesses. The company provides travelers with access to resort accommodations, vacation experiences, travel services, and related lifestyle offerings through a portfolio of consumer brands.

Its vacation ownership business includes brands such as Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club, offering members interests in vacation properties and access to resort destinations.