Travel + Leisure (NYSE:TNL) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of Travel + Leisure (NYSE:TNL) in a research note issued to investors on Monday,Benzinga reports. The brokerage set an “overweight” rating and a $67.00 price target on the stock. Morgan Stanley’s price target indicates a potential upside of 34.40% from the stock’s current price.

TNL has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Tigress Financial boosted their price target on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group raised their price objective on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Barclays boosted their price objective on Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a research note on Friday, December 13th. Finally, Truist Financial upped their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.50.

Travel + Leisure Price Performance

NYSE TNL opened at $49.85 on Monday. Travel + Leisure has a 1-year low of $37.99 and a 1-year high of $56.91. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.77 and a beta of 1.63. The business’s fifty day moving average price is $52.48 and its 200-day moving average price is $47.39.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.54 EPS. Equities research analysts anticipate that Travel + Leisure will post 5.75 EPS for the current year.

Insider Buying and Selling

In related news, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now owns 362,947 shares of the company’s stock, valued at $17,258,129.85. This represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction 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 trade represents a 7.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,016 shares of company stock worth $4,846,863. Corporate insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

Several hedge funds have recently made changes to their positions in TNL. UMB Bank n.a. increased its stake in Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 526 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in 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 buying an additional 607 shares during the period. Versant Capital Management Inc lifted its position in Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after buying an additional 210 shares during the last quarter. Larson Financial Group LLC purchased a new position in Travel + Leisure during the second quarter worth $36,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Travel + Leisure during the second quarter valued at $38,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

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.