Travel + Leisure (NYSE:TNL) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Travel + Leisure (NYSE:TNL) had its price objective upped by The Goldman Sachs Group from $61.00 to $71.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 1.27% from the stock’s current price.

TNL has been the topic of several other reports. JMP Securities upped their price target on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a “market outperform” rating in a report on Thursday, July 24th. Morgan Stanley set a $68.00 price objective on shares of Travel + Leisure in a research report on Wednesday. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Barclays upped their price objective on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Travel + Leisure Stock Performance

NYSE:TNL opened at $70.11 on Thursday. Travel + Leisure has a one year low of $37.77 and a one year high of $70.43. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.59 and a beta of 1.47. The firm’s fifty day moving average is $61.28 and its two-hundred day moving average is $54.43.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.72 by $0.08. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Travel + Leisure news, Director George Herrera sold 2,200 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total value of $133,056.00. Following the completion of the sale, the director owned 559 shares in the company, valued at approximately $33,808.32. This represents a 79.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 124,454 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the completion of the sale, the insider owned 118,718 shares of the company’s stock, valued at approximately $7,426,998.08. The trade was a 51.18% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.75% of the company’s stock.

Institutional Trading of Travel + Leisure

A number of hedge funds have recently bought and sold shares of TNL. Hillsdale Investment Management Inc. acquired a new stake in Travel + Leisure in the 2nd quarter valued at about $27,000. Elequin Capital LP acquired a new stake in shares of Travel + Leisure during the 1st quarter worth approximately $30,000. Parkside Financial Bank & Trust increased its holdings in shares of Travel + Leisure by 155.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after buying an additional 382 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Travel + Leisure during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds 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.