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

Shares of Travel + Leisure Co. (NYSE:TNL) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $54.83.

TNL has been the topic of several recent analyst reports. Mizuho started coverage on Travel + Leisure in a research report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 target price on the stock. Barclays boosted their target price on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th.

Hedge Funds Weigh In On Travel + Leisure

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Neo Ivy Capital Management acquired a new position in shares of Travel + Leisure during the third quarter worth about $215,000. Teachers Retirement System of The State of Kentucky lifted its position in Travel + Leisure by 87.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,065 shares of the company’s stock worth $994,000 after acquiring an additional 12,600 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Travel + Leisure by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 10,255,690 shares of the company’s stock worth $376,691,000 after acquiring an additional 322,624 shares during the period. Greenfield Savings Bank acquired a new stake in Travel + Leisure in the fourth quarter valued at approximately $217,000. Finally, Raymond James & Associates raised its stake in shares of Travel + Leisure by 9.5% during the fourth quarter. Raymond James & Associates now owns 33,094 shares of the company’s stock valued at $1,294,000 after purchasing an additional 2,865 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Price Performance

Travel + Leisure stock opened at $49.15 on Thursday. The firm’s 50-day moving average is $44.66 and its two-hundred day moving average is $43.89. The stock has a market capitalization of $3.50 billion, a P/E ratio of 9.05, a P/E/G ratio of 2.64 and a beta of 1.63. Travel + Leisure has a 12-month low of $32.10 and a 12-month high of $49.91.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. The firm had revenue of $916.00 million during the quarter, compared to analysts’ expectations of $904.54 million. During the same period in the previous year, the company earned $0.89 EPS. Travel + Leisure’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts forecast that Travel + Leisure will post 5.53 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Friday, June 14th. Travel + Leisure’s payout ratio is currently 36.83%.

Travel + Leisure Company Profile

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.