Travel + Leisure Co. (NYSE:TNL) Receives Average Rating of “Moderate Buy” from Analysts

Travel + Leisure Co. (NYSE:TNL) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $75.25.

TNL has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Travel + Leisure from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Truist Financial lifted their price objective on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Wells Fargo & Company started coverage on Travel + Leisure in a research report on Tuesday, November 18th. They set an “overweight” rating and a $74.00 target price on the stock. Barclays set a $70.00 price target on Travel + Leisure and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Finally, JMP Securities boosted their price objective on shares of Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 23rd.

Insider Buying and Selling

In other Travel + Leisure news, insider Geoffrey Richards sold 62,525 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the sale, the insider owned 39,604 shares in the company, valued at approximately $2,580,992.68. This represents a 61.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 559 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total value of $38,112.62. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 72,632 shares of company stock valued at $4,733,487. Corporate insiders own 3.75% of the company’s stock.

Institutional Trading of Travel + Leisure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. purchased a new position in Travel + Leisure in the 2nd quarter valued at about $27,000. Danske Bank A S purchased a new position in shares of Travel + Leisure during the third quarter valued at approximately $30,000. Parkside Financial Bank & Trust boosted its position in Travel + Leisure by 155.3% during the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after acquiring an additional 382 shares during the last quarter. CNB Bank purchased a new stake in Travel + Leisure in the 3rd quarter worth approximately $32,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Travel + Leisure in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Down 0.9%

Shares of TNL opened at $71.05 on Friday. Travel + Leisure has a 52-week low of $37.77 and a 52-week high of $76.21. The company has a 50-day simple moving average of $71.28 and a 200-day simple moving average of $65.12. The company has a market capitalization of $4.57 billion, a PE ratio of 11.69, a P/E/G ratio of 0.63 and a beta of 1.38.

About Travel + Leisure

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.