Travel + Leisure (NYSE:TNL) PT Raised to $49.00 at The Goldman Sachs Group

Travel + Leisure (NYSE:TNL) had its target price hoisted by equities researchers at The Goldman Sachs Group from $44.00 to $49.00 in a report released on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 3.14% from the company’s previous close.

Several other research analysts have also commented on TNL. Barclays raised their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their price objective on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Tigress Financial lifted their target price on Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Truist Financial cut their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $47.51 on Thursday. The firm has a 50 day moving average price of $44.66 and a 200 day moving average price of $44.63. Travel + Leisure has a fifty-two week low of $32.26 and a fifty-two week high of $49.91. The company has a market capitalization of $3.31 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 0.62 and a beta of 1.62.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The firm had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $1.54 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts forecast that Travel + Leisure will post 5.67 earnings per share for the current year.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the transaction, the insider now directly owns 24,491 shares in the company, valued at $1,024,703.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,439 shares of company stock valued at $4,032,971. Corporate insiders own 4.02% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT grew its position in shares of Travel + Leisure by 1.3% during the third quarter. Iridian Asset Management LLC CT now owns 534,156 shares of the company’s stock worth $24,614,000 after acquiring an additional 6,757 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Travel + Leisure by 6.4% during the 3rd quarter. New York State Teachers Retirement System now owns 108,283 shares of the company’s stock worth $4,990,000 after purchasing an additional 6,513 shares during the period. Semanteon Capital Management LP purchased a new position in Travel + Leisure during the 3rd quarter worth $1,117,000. Wealth Enhancement Advisory Services LLC increased its stake in Travel + Leisure by 16.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,262 shares of the company’s stock valued at $1,809,000 after purchasing an additional 5,463 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of Travel + Leisure by 4,532.8% in the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after buying an additional 5,258 shares during the last quarter. Hedge funds and other institutional investors 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.