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

Travel + Leisure (NYSE:TNL) had its target price raised by analysts at Stifel Nicolaus from $59.00 to $66.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 19.18% from the stock’s current price.

A number of other brokerages have also recently commented on TNL. Tigress Financial upped their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Truist Financial dropped their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. The Goldman Sachs Group upped their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Barclays increased their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.80.

Travel + Leisure Trading Down 0.2 %

Shares of TNL stock opened at $55.38 on Tuesday. The stock has a market capitalization of $3.79 billion, a P/E ratio of 9.48, a PEG ratio of 0.81 and a beta of 1.61. The firm’s 50 day moving average is $48.71 and its 200 day moving average is $45.76. Travel + Leisure has a 12 month low of $35.41 and a 12 month high of $56.91.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The company had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. Travel + Leisure’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.54 EPS. On average, equities analysts predict that Travel + Leisure will post 5.77 EPS for the current year.

Insider Transactions at Travel + Leisure

In other news, insider Geoffrey Richards sold 9,400 shares of the 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 transaction, the insider now owns 111,202 shares of the company’s stock, valued at $6,289,585.12. This represents a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the transaction, the insider now directly owns 24,491 shares in the company, valued at $1,024,703.44. The trade was a 11.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,455 shares of company stock valued at $5,075,834 in the last quarter. Insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. grew its holdings in shares of Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Travel + Leisure during the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after purchasing an additional 607 shares during the last quarter. Family Firm Inc. bought a new position in shares of Travel + Leisure during the 2nd quarter valued at $31,000. Finally, Larson Financial Group LLC bought a new position in shares of Travel + Leisure during the 2nd quarter valued at $36,000. 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.