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

Travel + Leisure (NYSE:TNL) had its target price hoisted by stock analysts at Stifel Nicolaus from $59.00 to $66.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 17.23% from the stock’s current price.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group increased their price target on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Barclays raised their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Truist Financial lowered their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Tigress Financial boosted their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.70.

Travel + Leisure Trading Up 2.4 %

NYSE:TNL opened at $56.30 on Tuesday. The company has a market capitalization of $3.85 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61. The firm has a 50-day moving average price of $48.45 and a two-hundred day moving average price of $45.69. Travel + Leisure has a twelve month low of $35.41 and a twelve month high of $56.91.

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

Insiders Place Their Bets

In other news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. The trade was a 11.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 4,607 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the completion of the transaction, the insider now owns 120,602 shares of the company’s stock, valued at approximately $6,542,658.50. This represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,055 shares of company stock valued at $4,544,170 over the last three months. 4.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travel + Leisure

Several large investors have recently made changes to their positions in TNL. UMB Bank n.a. raised its stake in shares of Travel + Leisure by 1,948.1% in 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. Versant Capital Management Inc acquired a new position in shares of Travel + Leisure during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC grew its stake 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 worth $28,000 after acquiring an additional 607 shares in the last quarter. Family Firm Inc. acquired a new stake in Travel + Leisure in the 2nd quarter valued at $31,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Travel + Leisure in the second quarter valued at about $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.