Morgan Stanley Issues Positive Forecast for Travel + Leisure (NYSE:TNL) Stock Price

Travel + Leisure (NYSE:TNL) had its price target upped by Morgan Stanley from $78.00 to $83.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 12.37% from the stock’s previous close.

Several other analysts also recently commented on the stock. Mizuho reduced their price target on shares of Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. The Goldman Sachs Group raised shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a report on Monday, June 1st. Weiss Ratings raised Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Wells Fargo & Company lowered their target price on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.90.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock traded down $1.62 during trading hours on Friday, hitting $73.86. The company had a trading volume of 205,738 shares, compared to its average volume of 748,999. The company’s 50-day moving average is $71.32 and its two-hundred day moving average is $71.60. The company has a market cap of $4.61 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. Travel + Leisure has a twelve month low of $56.29 and a twelve month high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The firm had revenue of $961.00 million for the quarter, compared to analyst estimates of $954.80 million. During the same period last year, the business earned $1.11 EPS. Travel + Leisure’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts expect that Travel + Leisure will post 7.47 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of Travel + Leisure

Institutional investors have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC grew its position in Travel + Leisure by 413.3% during the second 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. Bank of America Corp DE boosted its stake in shares of Travel + Leisure by 4.7% during the 1st quarter. Bank of America Corp DE now owns 204,503 shares of the company’s stock worth $14,150,000 after acquiring an additional 9,193 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Travel + Leisure by 30.9% in the 1st quarter. Edgestream Partners L.P. now owns 135,102 shares of the company’s stock worth $9,348,000 after acquiring an additional 31,897 shares during the period. Bull Harbor Capital LLC purchased a new position in Travel + Leisure in the 1st quarter valued at approximately $286,000. Finally, Amundi increased its position in shares of Travel + Leisure by 136.8% in the first quarter. Amundi now owns 22,158 shares of the company’s stock valued at $1,533,000 after buying an additional 12,800 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.