Analysts Set Travel + Leisure Co. (NYSE:TNL) PT at $75.25

Shares of Travel + Leisure Co. (NYSE:TNL) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $75.25.

A number of equities research analysts have recently commented on TNL shares. JMP Securities upped their price objective on shares of Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research note on Thursday, October 23rd. Truist Financial upped their price target on shares of Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Mizuho set a $86.00 price target on Travel + Leisure in a report on Wednesday, October 22nd. The Goldman Sachs Group boosted their price objective on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday.

Insider Activity at Travel + Leisure

In related news, Director George Herrera sold 559 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total transaction of $38,112.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Geoffrey Richards sold 62,525 shares of Travel + Leisure stock in a transaction on Monday, November 24th. The shares were sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the completion of the sale, the insider directly owned 39,604 shares of the company’s stock, valued at approximately $2,580,992.68. This trade represents a 61.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 72,632 shares of company stock valued at $4,733,487. Insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TNL. Hillsdale Investment Management Inc. acquired a new stake in Travel + Leisure in the second quarter valued at approximately $27,000. Danske Bank A S bought a new position in shares of Travel + Leisure in the 3rd quarter worth $30,000. Parkside Financial Bank & Trust grew its position in Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after purchasing an additional 382 shares during the period. CNB Bank bought a new stake in Travel + Leisure during the 3rd quarter valued at $32,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Travel + Leisure during the 4th quarter valued at $43,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Price Performance

Travel + Leisure stock opened at $73.42 on Friday. The stock’s 50 day moving average is $71.37 and its 200 day moving average is $65.31. Travel + Leisure has a one year low of $37.77 and a one year high of $76.21. The firm has a market cap of $4.72 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.65 and a beta of 1.38.

Travel + Leisure Company Profile

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.