Travel + Leisure Co. (NYSE:TNL) Stock Has Average Price Target of $87.58

Travel + Leisure Co. (NYSE:TNL) has been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $87.58.

A number of analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Travel + Leisure from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. JPMorgan Chase & Co. initiated coverage on Travel + Leisure in a report on Thursday, October 8th. They set a “neutral” rating and a $70.00 price target on the stock. Barclays upped their price target on Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Wells Fargo & Company upped their price target on Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Zacks Research cut Travel + Leisure from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th.

Insider Activity at Travel + Leisure

In other news, CAO Thomas Michael Duncan sold 20,000 shares of Travel + Leisure stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the sale, the chief accounting officer owned 5,307 shares of the company’s stock, valued at approximately $393,567.12. The trade was a 79.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kimberly Marshall sold 32,691 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $75.00, for a total transaction of $2,451,825.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 86,635 shares of company stock worth $6,503,559 over the last quarter. Corporate insiders own 4.01% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Several hedge funds have recently made changes to their positions in TNL. Bank of America Corp DE bought a new position in shares of Travel + Leisure in the second quarter worth approximately $19,663,000. Louisiana State Employees Retirement System purchased a new stake in shares of Travel + Leisure during the first quarter valued at approximately $1,294,000. Allianz Asset Management GmbH grew its holdings in shares of Travel + Leisure by 3,677.9% during the second quarter. Allianz Asset Management GmbH now owns 301,478 shares of the company’s stock valued at $23,042,000 after buying an additional 293,498 shares during the last quarter. Kendall Capital Management bought a new stake in shares of Travel + Leisure during the second quarter valued at approximately $3,409,000. Finally, Deutsche Bank AG bought a new stake in shares of Travel + Leisure during the second quarter valued at approximately $7,399,000. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Stock Performance

NYSE:TNL opened at $62.90 on Wednesday. The firm has a market cap of $3.85 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 0.62 and a beta of 1.19. Travel + Leisure has a fifty-two week low of $58.33 and a fifty-two week high of $81.00. The business has a 50 day moving average price of $67.66 and a 200-day moving average price of $70.27.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, meeting the consensus estimate of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company posted $1.65 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts predict that Travel + Leisure will post 7.60 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $2.40 dividend on an annualized basis and a yield of 3.8%. Travel + Leisure’s dividend payout ratio (DPR) is presently 65.57%.

About Travel + Leisure

Travel + Leisure Co (NYSE:TNL) is a global hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. Its portfolio includes vacation-ownership programs and resorts operated under brands such as Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and other affiliated offerings. These programs provide members with access to vacation accommodations, resort stays, and travel-related benefits.

The company also operates travel-exchange and membership businesses that enable customers to exchange timeshare interests, arrange accommodations, and access travel experiences.