Morgan Stanley Has Lowered Expectations for Travel + Leisure (NYSE:TNL) Stock Price

Travel + Leisure (NYSE:TNL) had its target price decreased by research analysts at Morgan Stanley from $61.00 to $52.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 25.71% from the company’s current price.

A number of other brokerages have also commented on TNL. The Goldman Sachs Group dropped their target price on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Truist Financial increased their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Barclays boosted their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. Tigress Financial lifted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, Mizuho restated a “neutral” rating and issued a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.70.

Travel + Leisure Trading Up 1.3 %

Shares of NYSE TNL opened at $41.36 on Tuesday. The stock has a market capitalization of $2.75 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $58.95. The stock’s fifty day simple moving average is $48.52 and its two-hundred day simple moving average is $50.63.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same period last year, the firm earned $1.98 earnings per share. Travel + Leisure’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts predict that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Insider Activity at Travel + Leisure

In other news, insider Michael Dean Brown purchased 2,000 shares of Travel + Leisure stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $46.66 per share, with a total value of $93,320.00. Following the transaction, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George Herrera sold 6,336 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares of the company’s stock, valued at $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. raised its holdings in shares of Travel + Leisure by 4.8% in the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock valued at $178,822,000 after buying an additional 163,804 shares during the period. Copeland Capital Management LLC increased its stake in Travel + Leisure by 0.8% during the 4th quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock worth $78,984,000 after buying an additional 12,111 shares during the period. AQR Capital Management LLC lifted its holdings in Travel + Leisure by 4.3% during the 4th quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company’s stock worth $71,358,000 after buying an additional 58,944 shares in the last quarter. Northern Trust Corp grew its stake in shares of Travel + Leisure by 9.6% in the fourth quarter. Northern Trust Corp now owns 1,036,703 shares of the company’s stock worth $52,302,000 after acquiring an additional 90,553 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Travel + Leisure by 15.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company’s stock worth $46,169,000 after acquiring an additional 122,173 shares during the period. 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.