Travel + Leisure (NYSE:TNL) Price Target Raised to $107.00 at Mizuho

Travel + Leisure (NYSE:TNLGet Free Report) had its price objective raised by equities research analysts at Mizuho from $105.00 to $107.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price indicates a potential upside of 45.84% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research note on Thursday. Barclays lifted their price target on shares of Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday. Wells Fargo & Company upped their price target on Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Finally, Zacks Research raised Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Travel + Leisure presently has an average rating of “Buy” and an average target price of $86.90.

Read Our Latest Stock Analysis on Travel + Leisure

Travel + Leisure Stock Down 2.9%

Travel + Leisure stock traded down $2.23 during trading hours on Thursday, hitting $73.37. 382,234 shares of the company traded hands, compared to its average volume of 761,139. The firm’s 50-day simple moving average is $72.10 and its two-hundred day simple moving average is $71.67. The firm has a market cap of $4.58 billion, a P/E ratio of 20.59, a P/E/G ratio of 0.56 and a beta of 1.16. Travel + Leisure has a 1-year low of $56.66 and a 1-year high of $81.00.

Travel + Leisure (NYSE:TNLGet Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.88. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $1.65 earnings per share. On average, equities research analysts predict that Travel + Leisure will post 7.5 earnings per share for the current year.

Insider Activity at Travel + Leisure

In related news, insider Kimberly Marshall sold 28,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.17, for a total value of $1,964,760.00. Following the completion of the sale, the insider owned 33,191 shares in the company, valued at approximately $2,329,012.47. This represents a 45.76% 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. Also, Director George Herrera sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $37,580.00. Following the completion of the transaction, the director directly owned 1,353 shares of the company’s stock, valued at $101,691.48. This represents a 26.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 31,000 shares of company stock worth $2,161,915. 4.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TNL. Royal Bank of Canada grew its stake in Travel + Leisure by 42.0% during the 1st quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock valued at $4,222,000 after acquiring an additional 26,965 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Travel + Leisure during the 1st quarter valued at $396,000. Millennium Management LLC grew its holdings in shares of Travel + Leisure by 129.5% during the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock valued at $19,141,000 after acquiring an additional 233,345 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Travel + Leisure by 97.1% in the first quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock worth $9,271,000 after acquiring an additional 98,647 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Travel + Leisure in the first quarter worth $206,000. 87.54% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

Analyst Recommendations for Travel + Leisure (NYSE:TNL)

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