Travel + Leisure (NYSE:TNL) Given New $75.00 Price Target at Susquehanna

Key Points

• Susquehanna lowered Travel + Leisure’s price target to $75 from $95 while maintaining a “positive” rating, implying roughly 19.8% upside from the reported $62.61 share price.
• Analyst sentiment remains favorable overall: 11 analysts rate the stock Buy and three rate it Hold, producing a “Moderate Buy” consensus and an average price target of $85.92.
• Travel + Leisure met quarterly earnings expectations with EPS of $1.88 and exceeded revenue estimates with $1.06 billion, up 4.4% year over year; however, insiders sold 86,635 shares worth approximately $6.5 million over the past 90 days.

Travel + Leisure (NYSE:TNL - Get Free Report) had its target price decreased by equities research analysts at Susquehanna from $95.00 to $75.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "positive" rating on the stock. Susquehanna's price objective would suggest a potential upside of 19.79% from the company's current price.

A number of other equities research analysts have also recently issued reports on TNL. Morgan Stanley boosted their target price on shares of Travel + Leisure from $83.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, August 18th. Wells Fargo & Company raised 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, July 23rd. Zacks Research downgraded shares of Travel + Leisure from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. Barclays increased their price target on Travel + Leisure from $74.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 23rd. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Travel + Leisure in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.92.

Travel + Leisure Trading Down 0.6%

Shares of NYSE:TNL opened at $62.61 on Thursday. The business has a 50-day moving average price of $67.35 and a two-hundred day moving average price of $70.21. Travel + Leisure has a 1-year low of $59.45 and a 1-year high of $81.00. The stock has a market capitalization of $3.83 billion, a P/E ratio of 17.11, a P/E/G ratio of 0.63 and a beta of 1.19.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, meeting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm posted $1.65 earnings per share. The company's quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts predict that Travel + Leisure will post 7.60 EPS for the current year.

Insider Transactions at Travel + Leisure

In related news, insider Geoffrey Richards sold 33,744 shares of Travel + Leisure stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the sale, the insider directly owned 1,600 shares of the company's stock, valued at approximately $121,040. The trade was a 95.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kimberly Marshall sold 32,691 shares of the company's stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 86,635 shares of company stock valued at $6,503,559. 4.01% of the stock is currently owned by insiders.

Institutional Trading of Travel + Leisure

A number of hedge funds and other institutional investors have recently modified their holdings of TNL. First Bancorp Inc ME acquired a new position in shares of Travel + Leisure in the second quarter valued at approximately $27,000. Elevation Wealth Partners LLC boosted its position in Travel + Leisure by 413.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company's stock worth $35,000 after buying an additional 372 shares during the period. Assetmark Inc. boosted its position 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 buying an additional 191 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Travel + Leisure during the 2nd quarter worth approximately $46,000. Finally, Rockefeller Capital Management L.P. grew its holdings in Travel + Leisure by 27.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company's stock worth $88,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Company Profile

Travel + Leisure Co NYSE: TNL is a global hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. Its portfolio includes vacation-ownership programs and resorts operated under brands such as Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and other affiliated offerings. These programs provide members with access to vacation accommodations, resort stays, and travel-related benefits.

The company also operates travel-exchange and membership businesses that enable customers to exchange timeshare interests, arrange accommodations, and access travel experiences.

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