Travel + Leisure Co. (NYSE:TNL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Travel + Leisure Co. (NYSE:TNL) have been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $75.25.

A number of analysts have issued reports on the stock. Mizuho set a $86.00 price target on shares of Travel + Leisure in a research note on Wednesday, October 22nd. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday, January 21st. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, October 23rd. Finally, JMP Securities increased their price objective on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research note on Thursday, October 23rd.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 559 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total value of $38,112.62. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Geoffrey Richards sold 62,525 shares of Travel + Leisure stock in a transaction on Monday, November 24th. The stock was sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the sale, the insider directly owned 39,604 shares of the company’s stock, valued at approximately $2,580,992.68. This trade represents a 61.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 68,076 shares of company stock worth $4,437,347 in the last ninety days. 3.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travel + Leisure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TNL. Marble Wealth LLC acquired a new position in Travel + Leisure during the fourth quarter worth approximately $353,000. Goldman Sachs Group Inc. increased its holdings in shares of Travel + Leisure by 124.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 567,478 shares of the company’s stock valued at $40,024,000 after acquiring an additional 314,481 shares during the period. Natixis Advisors LLC raised its position in Travel + Leisure by 24.4% in the 4th quarter. Natixis Advisors LLC now owns 16,259 shares of the company’s stock valued at $1,147,000 after purchasing an additional 3,186 shares during the last quarter. Ellevest Inc. boosted its stake in Travel + Leisure by 22.9% during the 4th quarter. Ellevest Inc. now owns 7,130 shares of the company’s stock worth $503,000 after purchasing an additional 1,330 shares during the period. Finally, Waterloo Capital L.P. grew its position in Travel + Leisure by 3.6% during the 4th quarter. Waterloo Capital L.P. now owns 54,583 shares of the company’s stock worth $3,850,000 after purchasing an additional 1,895 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Trading Up 1.3%

Shares of NYSE TNL opened at $73.96 on Friday. The stock has a market capitalization of $4.76 billion, a PE ratio of 12.16, a PEG ratio of 0.65 and a beta of 1.38. Travel + Leisure has a twelve month low of $37.77 and a twelve month high of $76.21. The stock has a fifty day simple moving average of $71.58 and a 200-day simple moving average of $65.46.

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.