Travel + Leisure (NYSE:TNL) Stock Rating Upgraded by Wells Fargo & Company

Travel + Leisure (NYSE:TNL) was upgraded by Wells Fargo & Company to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

TNL has been the subject of several other reports. Barclays upped their price objective on shares of Travel + Leisure from $54.00 to $63.00 and gave the company an “underweight” rating in a research note on Thursday, October 23rd. Citigroup reaffirmed an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, October 23rd. JMP Securities lifted their price objective on Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 23rd. Morgan Stanley set a $68.00 target price on Travel + Leisure in a research note on Wednesday, October 22nd. Finally, Truist Financial raised their price target on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.18.

Travel + Leisure Stock Performance

TNL stock traded down $0.17 during trading on Monday, hitting $61.88. 87,205 shares of the company traded hands, compared to its average volume of 686,388. The company has a 50-day moving average of $61.98 and a 200-day moving average of $57.54. Travel + Leisure has a 1 year low of $37.77 and a 1 year high of $70.43. The firm has a market capitalization of $3.98 billion, a PE ratio of 10.16, a P/E/G ratio of 0.55 and a beta of 1.51.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.08. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that Travel + Leisure will post 6.46 EPS for the current year.

Insider Buying and Selling at Travel + Leisure

In related news, insider Jeffrey Myers sold 50,000 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the sale, the insider owned 63,789 shares of the company’s stock, valued at $4,234,313.82. The trade was a 43.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Amandine Robin-Caplan sold 1,538 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $65.08, for a total transaction of $100,093.04. Following the completion of the sale, the insider owned 3,904 shares in the company, valued at approximately $254,072.32. This trade represents a 28.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 135,692 shares of company stock valued at $8,967,762 over the last 90 days. 3.75% of the stock is owned by corporate insiders.

Institutional Trading of Travel + Leisure

A number of hedge funds have recently made changes to their positions in TNL. Hillsdale Investment Management Inc. bought a new stake in Travel + Leisure in the second quarter worth $27,000. Elequin Capital LP bought a new position in shares of Travel + Leisure during the first quarter valued at $30,000. Danske Bank A S purchased a new position in shares of Travel + Leisure in the 3rd quarter worth about $30,000. Parkside Financial Bank & Trust boosted its stake in Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after purchasing an additional 382 shares in the last quarter. Finally, CNB Bank bought a new position in Travel + Leisure in the 3rd quarter worth about $32,000. 87.54% of the stock is owned by institutional investors.

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.