Travel + Leisure (NYSE:TNL) Rating Increased to Buy at Wall Street Zen

Key Points

• Travel + Leisure (NYSE:TNL) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting renewed optimism among analysts regarding the stock's potential.
• Several research firms adjusted their price targets for TNL, with Barclays increasing it from $39 to $54, while Mizuho raised their target from $63 to $72.
• The company's recent quarterly report showed a slight earnings miss with $1.65 EPS, despite revenue of $1.02 billion beating expectations and a year-over-year revenue increase of 3.4%.

Travel + Leisure (NYSE:TNL - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently issued reports on the stock. Mizuho upgraded shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $63.00 to $72.00 in a report on Thursday, July 24th. JMP Securities boosted their price objective on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a report on Thursday, July 24th. Finally, Barclays upped their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Travel + Leisure presently has a consensus rating of "Moderate Buy" and an average price target of $62.30.

Travel + Leisure Trading Up 1.6%

Shares of NYSE:TNL traded up $0.97 during trading on Friday, hitting $61.62. 17,449 shares of the company's stock were exchanged, compared to its average volume of 687,793. Travel + Leisure has a 1-year low of $37.77 and a 1-year high of $64.11. The firm has a 50-day moving average price of $60.73 and a two-hundred day moving average price of $52.43. The firm has a market cap of $4.00 billion, a P/E ratio of 10.62, a PEG ratio of 0.59 and a beta of 1.44.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts predict that Travel + Leisure will post 6.46 EPS for the current year.

Insider Buying and Selling

In other news, insider Kimberly Marshall sold 16,500 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $60.00, for a total value of $990,000.00. Following the transaction, the insider directly owned 56,736 shares of the company's stock, valued at $3,404,160. This represents a 22.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Geoffrey Richards sold 124,454 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the completion of the transaction, the insider directly owned 118,718 shares in the company, valued at $7,426,998.08. The trade was a 51.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 320,174 shares of company stock valued at $19,765,874. 3.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travel + Leisure

Large investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new stake in shares of Travel + Leisure in the 2nd quarter valued at approximately $27,000. Elequin Capital LP bought a new position in Travel + Leisure during the 1st quarter worth approximately $30,000. Parkside Financial Bank & Trust increased its stake 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 valued at $32,000 after acquiring an additional 382 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock valued at $44,000 after purchasing an additional 715 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Travel + Leisure during the 2nd quarter valued at $45,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

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.