Travel + Leisure (NYSE:TNL) Upgraded to “Strong-Buy” at Zacks Research

Travel + Leisure (NYSE:TNLGet Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Mizuho cut their target price on shares of Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Wells Fargo & Company decreased their price target on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Morgan Stanley raised their price target on shares of Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Weiss Ratings raised shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $85.90.

Check Out Our Latest Stock Analysis on Travel + Leisure

Travel + Leisure Trading Up 2.9%

Travel + Leisure stock opened at $75.47 on Tuesday. The company has a market capitalization of $4.71 billion, a PE ratio of 21.20, a P/E/G ratio of 0.56 and a beta of 1.16. Travel + Leisure has a 12 month low of $56.66 and a 12 month high of $81.00. The stock has a 50-day moving average price of $72.10 and a two-hundred day moving average price of $71.67.

Travel + Leisure (NYSE:TNLGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, hitting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business posted $1.65 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts predict that Travel + Leisure will post 7.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Kimberly Marshall sold 28,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the sale, the insider owned 33,191 shares of the company’s stock, valued at approximately $2,329,012.47. This represents a 45.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Denny Marie Post sold 2,500 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $63.83, for a total value of $159,575.00. Following the sale, the director owned 1,977 shares of the company’s stock, valued at approximately $126,191.91. The trade was a 55.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 31,000 shares of company stock valued at $2,161,915. 4.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travel + Leisure

Several large investors have recently added to or reduced their stakes in the business. Danske Bank A S bought a new stake in Travel + Leisure in the third quarter worth approximately $30,000. Elevation Wealth Partners LLC grew its position in shares of Travel + Leisure by 413.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after buying an additional 372 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Travel + Leisure during the 4th quarter valued at $43,000. Assetmark Inc. boosted its stake in Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after acquiring an additional 191 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Travel + Leisure by 293.0% in the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after purchasing an additional 715 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Key Travel + Leisure News

Here are the key news stories impacting Travel + Leisure this week:

About Travel + Leisure

(Get Free Report)

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.

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Analyst Recommendations for Travel + Leisure (NYSE:TNL)

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