Travel + Leisure (NYSE:TNL) Stock Rating Upgraded by Wall Street Zen

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, Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley restated an “overweight” rating and issued a $86.00 price objective on shares of Travel + Leisure in a research note on Thursday, October 22nd. Mizuho set a $108.00 target price on shares of Travel + Leisure in a research note on Wednesday, October 28th. Truist Financial cut their target price on shares of Travel + Leisure from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Wells Fargo & Company reduced their price target on shares of Travel + Leisure from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, Susquehanna decreased their price target on shares of Travel + Leisure from $95.00 to $75.00 and set a “positive” rating on the stock in a research report on Thursday, October 15th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.25.

Travel + Leisure Stock Down 0.0%

TNL opened at $75.30 on Friday. The firm has a market capitalization of $4.54 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 0.74 and a beta of 1.21. The stock’s 50 day moving average price is $66.13 and its two-hundred day moving average price is $70.56. Travel + Leisure has a 12-month low of $60.34 and a 12-month high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.05 by $0.16. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 5.66%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business posted $1.80 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts anticipate that Travel + Leisure will post 7.77 earnings per share for the current year.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, CAO Thomas Michael Duncan sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total value of $1,483,200.00. Following the completion of the sale, the chief accounting officer owned 5,307 shares in the company, valued at approximately $393,567.12. This trade represents a 79.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.01% of the company’s stock.

Institutional Trading of Travel + Leisure

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Travel + Leisure in the 2nd quarter valued at $543,957,000. State Street Corp raised its stake in Travel + Leisure by 0.4% during the second quarter. State Street Corp now owns 2,157,772 shares of the company’s stock worth $164,919,000 after acquiring an additional 7,641 shares in the last quarter. Quantinno Capital Management LP raised its stake in Travel + Leisure by 21.7% during the first quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company’s stock worth $90,329,000 after acquiring an additional 232,711 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Travel + Leisure by 5.3% during the second quarter. Envestnet Asset Management Inc. now owns 802,110 shares of the company’s stock worth $61,305,000 after acquiring an additional 40,573 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Travel + Leisure during the second quarter valued at $55,087,000. 87.54% of the stock is currently owned by institutional investors.

About Travel + Leisure

Travel + Leisure Co is a leisure travel company focused on vacation ownership, vacation exchange and travel membership services. Its vacation ownership business develops, markets and manages resort-based vacation ownership interests and related products through brands including Club Wyndham, WorldMark and Margaritaville Vacation Club.

The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange their stays. Its travel and membership offerings include services designed to help members plan and book vacations.

Travel + Leisure Co was formed as Wyndham Destinations following the 2018 separation of Wyndham Hotels & Resorts, and adopted its current name in 2021.