Travel + Leisure (NYSE:TNL) Given New $41.00 Price Target at Barclays

Travel + Leisure (NYSE:TNL) had its target price boosted by analysts at Barclays from $40.00 to $41.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s target price would indicate a potential downside of 13.26% from the company’s current price.

A number of other equities analysts have also recently commented on TNL. The Goldman Sachs Group started coverage on shares of Travel + Leisure in a research report on Wednesday, September 18th. They set a “neutral” rating and a $44.00 price objective for the company. Tigress Financial upped their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Truist Financial cut their price objective on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft decreased their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their price target on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.44.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $47.27 on Thursday. Travel + Leisure has a 52-week low of $32.10 and a 52-week high of $49.91. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.62 and a beta of 1.62. The firm’s 50-day moving average is $44.47 and its 200-day moving average is $44.60.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The firm had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company earned $1.54 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts predict that Travel + Leisure will post 5.67 EPS for the current fiscal year.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 2,193 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now directly owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director George Herrera sold 2,193 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the sale, the director now owns 6,352 shares of the company’s stock, valued at $269,832.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the transaction, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.02% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Large investors have recently modified their holdings of the business. UMB Bank n.a. raised its holdings in shares of Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after buying an additional 526 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Travel + Leisure during the 2nd quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC increased its position in Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after purchasing an additional 607 shares in the last quarter. Family Firm Inc. bought a new position in Travel + Leisure in the 2nd quarter valued at approximately $31,000. Finally, Larson Financial Group LLC acquired a new position in shares of Travel + Leisure during the second quarter worth $36,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.