Wall Street Zen Upgrades Travel + Leisure (NYSE:TNL) to “Buy”

Travel + Leisure (NYSE:TNL) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other research analysts also recently issued research reports about the stock. Mizuho set a $86.00 target price on shares of Travel + Leisure in a report on Wednesday, October 22nd. JMP Securities upped their price objective on Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 23rd. Barclays set a $70.00 target price on Travel + Leisure and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.56.

Travel + Leisure Trading Down 1.4%

Shares of NYSE:TNL opened at $72.42 on Friday. The stock has a 50 day moving average of $69.54 and a 200 day moving average of $63.87. The company has a market cap of $4.66 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.51 and a beta of 1.38. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $76.21.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.08. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 earnings per share. Equities research analysts predict that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Kimberly Marshall sold 16,500 shares of Travel + Leisure stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $65.00, for a total value of $1,072,500.00. Following the completion of the transaction, the insider directly owned 40,236 shares of the company’s stock, valued at $2,615,340. This trade represents a 29.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Amandine Robin-Caplan sold 1,538 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $65.08, for a total transaction of $100,093.04. Following the completion of the sale, the insider owned 3,904 shares in the company, valued at approximately $254,072.32. This trade represents a 28.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 198,776 shares of company stock valued at $13,080,628. 3.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TNL. Farther Finance Advisors LLC lifted its stake in shares of Travel + Leisure by 2,704.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,963 shares of the company’s stock worth $101,000 after acquiring an additional 1,893 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Travel + Leisure by 45.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 60,948 shares of the company’s stock worth $3,429,000 after purchasing an additional 18,930 shares during the period. Advisors Capital Management LLC increased its stake in Travel + Leisure by 1.1% in the second quarter. Advisors Capital Management LLC now owns 399,794 shares of the company’s stock worth $20,633,000 after purchasing an additional 4,242 shares during the period. Ethic Inc. lifted its position in shares of Travel + Leisure by 132.0% during the third quarter. Ethic Inc. now owns 27,108 shares of the company’s stock worth $1,613,000 after purchasing an additional 15,422 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in shares of Travel + Leisure by 54.1% during the second quarter. Savant Capital LLC now owns 56,934 shares of the company’s stock valued at $2,938,000 after purchasing an additional 19,997 shares during the period. Institutional investors own 87.54% of the company’s stock.

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.