Analysts Set Travel + Leisure Co. (NYSE:TNL) Price Target at $70.18

Travel + Leisure Co. (NYSE:TNL) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $70.60.

Several analysts have recently weighed in on the stock. JMP Securities raised their price objective on shares of Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research report on Thursday, October 23rd. Wells Fargo & Company began coverage on Travel + Leisure in a research note on Tuesday, November 18th. They issued an “overweight” rating and a $74.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Mizuho set a $86.00 target price on shares of Travel + Leisure in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group increased their price target on shares of Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd.

Insider Activity at Travel + Leisure

In other news, Director George Herrera sold 559 shares of Travel + Leisure stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total transaction of $38,112.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Amandine Robin-Caplan sold 1,538 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $65.08, for a total transaction of $100,093.04. Following the transaction, the insider owned 3,904 shares in the company, valued at $254,072.32. This represents a 28.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 136,251 shares of company stock valued at $9,005,874 over the last 90 days. Company insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. bought a new stake in shares of Travel + Leisure during the second quarter valued at approximately $27,000. Elequin Capital LP purchased a new position in Travel + Leisure during the first quarter valued at $30,000. Danske Bank A S bought a new stake in shares of Travel + Leisure during the 3rd quarter valued at $30,000. Parkside Financial Bank & Trust grew its position in shares of 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 buying an additional 382 shares during the period. Finally, CNB Bank bought a new position in shares of Travel + Leisure in the 3rd quarter worth about $32,000. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Trading Up 0.2%

TNL stock opened at $68.41 on Friday. Travel + Leisure has a 1-year low of $37.77 and a 1-year high of $70.43. The stock’s fifty day simple moving average is $62.50 and its two-hundred day simple moving average is $58.26. The stock has a market cap of $4.40 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.55 and a beta of 1.51.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.08. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 EPS. As a group, analysts forecast that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.3%. Travel + Leisure’s payout ratio is 36.84%.

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.