Travel + Leisure Co. (NYSE:TNL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Travel + Leisure Co. (NYSE:TNL) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $85.00.

Several research analysts have issued reports on the company. Citizens Jmp boosted their target price on Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a research report on Thursday, February 19th. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Oppenheimer restated an “outperform” rating and set a $85.00 target price on shares of Travel + Leisure in a research report on Wednesday, February 18th. The Goldman Sachs Group boosted their target price on Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Finally, Morgan Stanley dropped their target price on Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $65.07 on Friday. The business’s 50 day moving average is $69.01 and its two-hundred day moving average is $69.92. Travel + Leisure has a 1-year low of $46.75 and a 1-year high of $81.00. The stock has a market capitalization of $4.06 billion, a P/E ratio of 18.28, a PEG ratio of 0.50 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.14. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The business had revenue of $961.00 million during the quarter, compared to analyst estimates of $954.81 million. During the same quarter in the previous year, the business earned $1.11 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Travel + Leisure will post 7.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, June 12th. Travel + Leisure’s payout ratio is 67.42%.

Insiders Place Their Bets

In other Travel + Leisure news, insider Michael Dean Brown sold 66,860 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $74.03, for a total transaction of $4,949,645.80. Following the completion of the transaction, the insider owned 427,821 shares in the company, valued at $31,671,588.63. The trade was a 13.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George Herrera sold 1,748 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $70.31, for a total value of $122,901.88. Following the transaction, the director owned 1,853 shares of the company’s stock, valued at $130,284.43. This trade represents a 48.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 120,334 shares of company stock worth $9,004,352 over the last three months. 4.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Travel + Leisure

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Travel + Leisure by 231.1% in the third quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock valued at $41,143,000 after purchasing an additional 482,731 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Travel + Leisure by 15.3% in the third quarter. JPMorgan Chase & Co. now owns 354,598 shares of the company’s stock valued at $21,096,000 after purchasing an additional 47,170 shares during the period. Compass Wealth Management LLC purchased a new stake in shares of Travel + Leisure in the third quarter valued at approximately $1,707,000. ING Groep NV boosted its holdings in shares of Travel + Leisure by 115.0% in the third quarter. ING Groep NV now owns 63,000 shares of the company’s stock valued at $3,748,000 after purchasing an additional 33,700 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Travel + Leisure in the fourth quarter valued at approximately $11,657,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.