Travel + Leisure (NYSE:TNL) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Travel + Leisure (TNL) from "hold" to "buy", and several other brokers have raised price targets (Morgan Stanley to $80, Wells Fargo to $88, Goldman to $81, Mizuho to $107), leaving a consensus Moderate Buy rating with a $85.90 average target.
• Travel + Leisure reported Q4 EPS of $1.83 (in line with estimates) and revenue of $1.03 billion (above the $1.00 billion estimate), with revenue up 5.7% year-over-year; the stock trades around $75.77 with a 52-week range of $40.28–$81.00 and a PE of 22.22.
• Insiders have been net sellers this quarter (99,664 shares sold, including Michael Dean Brown's 66,860-share sale), leaving insiders with 3.75% ownership, while institutional investors hold roughly 87.54% of the stock.

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 brokerages also recently weighed in on TNL. Morgan Stanley boosted their price target on Travel + Leisure from $68.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, January 16th. Wells Fargo & Company boosted their price target on Travel + Leisure from $81.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, February 19th. The Goldman Sachs Group boosted their price target on Travel + Leisure from $71.00 to $81.00 and gave the stock a "neutral" rating in a research report on Thursday, February 19th. Weiss Ratings downgraded Travel + Leisure from a "buy (b)" rating to a "hold (c+)" rating in a research report on Friday, February 20th. Finally, Mizuho set a $107.00 price target on Travel + Leisure in a research report on Thursday, February 19th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Travel + Leisure currently has an average rating of "Moderate Buy" and a consensus price target of $85.90.

Travel + Leisure Stock Performance

TNL opened at $75.77 on Friday. Travel + Leisure has a 52-week low of $40.28 and a 52-week high of $81.00. The firm has a market capitalization of $4.73 billion, a PE ratio of 22.22, a PEG ratio of 0.57 and a beta of 1.32. The business's 50-day simple moving average is $72.17 and its 200 day simple moving average is $68.69.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.83. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.Travel + Leisure's revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.72 earnings per share. On average, research analysts forecast that Travel + Leisure will post 6.46 earnings per share for the current year.

Insider Activity

In other news, insider Michael Dean Brown sold 66,860 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $74.03, for a total value of $4,949,645.80. Following the transaction, the insider owned 427,821 shares of the company's stock, valued at approximately $31,671,588.63. This represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 1,748 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $70.31, for a total value of $122,901.88. Following the completion of the transaction, the director directly owned 1,853 shares in the company, valued at $130,284.43. The trade was a 48.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 99,664 shares of company stock valued at $7,390,847. 3.75% of the stock is owned by insiders.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Travel + Leisure by 2.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company's stock valued at $408,000 after purchasing an additional 148 shares during the last quarter. Rossby Financial LCC grew its position in shares of Travel + Leisure by 13.1% in the third quarter. Rossby Financial LCC now owns 1,408 shares of the company's stock valued at $85,000 after purchasing an additional 163 shares during the last quarter. Optas LLC grew its position in shares of Travel + Leisure by 4.3% in the third quarter. Optas LLC now owns 4,542 shares of the company's stock valued at $270,000 after purchasing an additional 189 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Travel + Leisure by 19.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company's stock valued at $59,000 after purchasing an additional 189 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Travel + Leisure by 17.8% in the fourth quarter. Signaturefd LLC now owns 1,276 shares of the company's stock valued at $90,000 after purchasing an additional 193 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

About Travel + Leisure

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.

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