Travel + Leisure (NYSE:TNL) Stock Price Expected to Rise, Mizuho Analyst Says

Travel + Leisure (NYSE:TNL) had its target price boosted by equities research analysts at Mizuho from $105.00 to $107.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective indicates a potential upside of 44.45% from the stock’s previous close.

A number of other research firms have also recently commented on TNL. Morgan Stanley raised their target price on shares of Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Weiss Ratings raised shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Citigroup restated a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday. Zacks Research upgraded shares of Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company upped their target price on shares of Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Travel + Leisure presently has an average rating of “Buy” and a consensus price target of $86.90.

Travel + Leisure Stock Performance

NYSE TNL opened at $74.07 on Thursday. The business’s fifty day moving average is $72.53 and its 200 day moving average is $71.70. Travel + Leisure has a fifty-two week low of $56.66 and a fifty-two week high of $81.00. The company has a market capitalization 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.

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

Insider Buying and Selling

In other Travel + Leisure news, Director George Herrera sold 500 shares of Travel + Leisure stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the sale, the director directly owned 1,353 shares in the company, valued at approximately $101,691.48. The trade was a 26.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Denny Marie Post sold 2,500 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $63.83, for a total transaction of $159,575.00. Following the completion of the sale, the director owned 1,977 shares in the company, valued at approximately $126,191.91. The trade was a 55.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 31,000 shares of company stock worth $2,161,915. 4.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Travel + Leisure

Several large investors have recently made changes to their positions in the company. Elevation Wealth Partners LLC increased its stake in Travel + Leisure by 413.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after acquiring an additional 372 shares during the last quarter. Bank of America Corp DE raised its stake in Travel + Leisure by 4.7% during the first quarter. Bank of America Corp DE now owns 204,503 shares of the company’s stock valued at $14,150,000 after purchasing an additional 9,193 shares in the last quarter. Edgestream Partners L.P. lifted its position in Travel + Leisure by 30.9% during the first quarter. Edgestream Partners L.P. now owns 135,102 shares of the company’s stock valued at $9,348,000 after purchasing an additional 31,897 shares during the last quarter. Bull Harbor Capital LLC bought a new position in Travel + Leisure during the first quarter valued at $286,000. Finally, Amundi grew its stake in shares of Travel + Leisure by 136.8% in the 1st quarter. Amundi now owns 22,158 shares of the company’s stock worth $1,533,000 after buying an additional 12,800 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Company Profile

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.