Travel + Leisure (NYSE:TNL) Given New $54.00 Price Target at Barclays

Travel + Leisure (NYSE:TNL) had its price objective upped by equities research analysts at Barclays from $48.00 to $54.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s target price indicates a potential downside of 5.40% from the company’s current price.

A number of other brokerages have also issued reports on TNL. Mizuho restated a “neutral” rating and set a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Morgan Stanley assumed coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They set an “overweight” rating and a $67.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Travel + Leisure Stock Performance

NYSE TNL traded down $0.78 during trading hours on Thursday, hitting $57.08. The company had a trading volume of 279,007 shares, compared to its average volume of 523,731. Travel + Leisure has a 1-year low of $39.91 and a 1-year high of $58.95. The company has a market cap of $3.90 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.66 and a beta of 1.64. The business has a 50 day moving average of $52.98 and a 200-day moving average of $49.32.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same quarter last year, the firm earned $1.98 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts expect that Travel + Leisure will post 5.75 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Geoffrey Richards sold 9,400 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the transaction, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. This represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new position in Travel + Leisure in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc grew its position in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after buying an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after buying an additional 503 shares during the period. Natixis acquired a new stake in shares of Travel + Leisure during the 4th quarter worth approximately $37,000. Finally, UMB Bank n.a. grew its position in Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares during the period. 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.