Travel + Leisure (NYSE:TNL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Travel + Leisure (NYSE:TNL) had its price target upped by stock analysts at Wells Fargo & Company from $87.00 to $92.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 24.20% from the company’s current price.

Several other research analysts also recently commented on TNL. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Monday, June 1st. Barclays upped their price objective on Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research note on Thursday. Weiss Ratings raised shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Finally, Zacks Research upgraded shares of Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Travel + Leisure currently has an average rating of “Buy” and an average price target of $86.90.

Travel + Leisure Stock Up 0.8%

TNL stock opened at $74.07 on Thursday. The company has a market cap of $4.53 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 0.55 and a beta of 1.16. The business has a 50-day simple moving average of $72.53 and a 200 day simple moving average of $71.70. Travel + Leisure has a 52 week low of $56.66 and a 52 week high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company posted $1.65 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts anticipate that Travel + Leisure will post 7.58 EPS for the current fiscal year.

Insider Activity at Travel + Leisure

In related news, Director George Herrera sold 500 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $37,580.00. Following the sale, the director directly owned 1,353 shares in the company, valued at $101,691.48. This trade represents a 26.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $1,964,760.00. Following the completion of the transaction, the insider owned 33,191 shares of the company’s stock, valued at approximately $2,329,012.47. This trade represents a 45.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 31,000 shares of company stock worth $2,161,915 in the last quarter. 4.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Travel + Leisure

A number of institutional investors have recently made changes to their positions in TNL. Danske Bank A S bought a new position in shares of Travel + Leisure during the third quarter worth about $30,000. Elevation Wealth Partners LLC boosted its holdings in Travel + Leisure by 413.3% in the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock valued at $35,000 after acquiring an additional 372 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Travel + Leisure during the 4th quarter valued at approximately $43,000. Assetmark Inc. raised its holdings in Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after purchasing an additional 715 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

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.