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

Equities researchers at Morgan Stanley initiated coverage on shares of Travel + Leisure (NYSE:TNL) in a research note issued on Monday,Benzinga reports. The firm set an “overweight” rating and a $67.00 price target on the stock. Morgan Stanley’s price objective would indicate a potential upside of 34.40% from the stock’s previous close.

A number of other equities analysts have also commented on TNL. Stifel Nicolaus raised their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. 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 report on Tuesday, December 10th. Truist Financial upped their target price on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Barclays upped their price objective on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.50.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $49.85 on Monday. The stock has a 50 day moving average price of $52.48 and a 200 day moving average price of $47.39. Travel + Leisure has a 52-week low of $37.99 and a 52-week high of $56.91. The firm has a market capitalization of $3.41 billion, a P/E ratio of 8.46, a P/E/G ratio of 0.77 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 earnings per share. As a group, sell-side analysts forecast that Travel + Leisure will post 5.75 EPS for the current year.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction that occurred 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 approximately $17,258,129.85. The trade was a 18.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Geoffrey Richards sold 4,607 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was 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 directly 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. Over the last three months, insiders have sold 99,016 shares of company stock valued at $4,846,863. Corporate insiders own 4.02% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after acquiring an additional 210 shares during the period. GAMMA Investing LLC raised its holdings in shares of Travel + Leisure by 30.7% during the fourth quarter. GAMMA Investing LLC now owns 1,615 shares of the company’s stock worth $81,000 after purchasing an additional 379 shares during the last quarter. UMB Bank n.a. boosted its holdings in Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares during the last quarter. Allspring Global Investments Holdings LLC raised 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 valued at $28,000 after buying an additional 607 shares during the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Travel + Leisure by 14.4% in the 3rd quarter. Atria Investments Inc now owns 5,345 shares of the company’s stock valued at $246,000 after buying an additional 672 shares during the period. Institutional investors and hedge funds 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.