Susquehanna Upgrades Travel + Leisure (NYSE:TNL) to “Strong-Buy”

Travel + Leisure (NYSE:TNL) was upgraded by analysts at Susquehanna to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

TNL has been the subject of a number of other reports. Barclays lifted their price target on shares of Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Mizuho raised their price objective on shares of Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Morgan Stanley boosted their target price on Travel + Leisure from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company upped their target price on Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $87.82.

Travel + Leisure Trading Down 1.8%

Shares of NYSE:TNL opened at $72.33 on Tuesday. Travel + Leisure has a 12 month low of $57.86 and a 12 month high of $81.00. The company has a 50-day moving average price of $75.22 and a 200 day moving average price of $72.09. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.51 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, hitting 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 company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts forecast that Travel + Leisure will post 7.68 EPS for the current year.

Insider Buying and Selling at Travel + Leisure

In other news, insider Kimberly Marshall sold 32,691 shares of Travel + Leisure stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total value of $2,451,825.00. The sale was disclosed in a filing with the SEC, which is available 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 value of $37,580.00. Following the completion of the transaction, the director directly owned 1,353 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders have sold 95,135 shares of company stock valued at $7,022,699. 4.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Travel + Leisure

Several hedge funds have recently modified their holdings of TNL. First Bancorp Inc ME bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at about $27,000. Danske Bank A S bought a new position in shares of Travel + Leisure during the 3rd quarter worth approximately $30,000. Elevation Wealth Partners LLC lifted 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 valued at $35,000 after acquiring an additional 372 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Travel + Leisure in the fourth quarter valued at approximately $43,000. Finally, Assetmark Inc. boosted its stake in Travel + Leisure by 43.8% in the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after acquiring an additional 191 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

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.