Mizuho Reiterates Neutral Rating for Travel + Leisure (NYSE:TNL)

Travel + Leisure (NYSE:TNL)‘s stock had its “neutral” rating restated by Mizuho in a research note issued on Thursday,Benzinga reports. They presently have a $64.00 target price on the stock, up from their previous target price of $55.00. Mizuho’s price target would indicate a potential upside of 10.41% from the stock’s current price.

Several other analysts also recently weighed in on TNL. Morgan Stanley started coverage on Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective for the company. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. The Goldman Sachs Group lifted their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Barclays upped their target price on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Finally, Tigress Financial lifted their price target on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.40.

Travel + Leisure Trading Up 0.9 %

Shares of NYSE:TNL opened at $57.97 on Thursday. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.66 and a beta of 1.64. Travel + Leisure has a 12 month low of $39.91 and a 12 month high of $58.95. The firm’s 50-day moving average is $52.98 and its 200 day moving average is $49.32.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same period last year, the company earned $1.98 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts forecast that Travel + Leisure will post 5.75 EPS for the current fiscal year.

Insider Activity at Travel + Leisure

In related news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the transaction, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. This represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.02% of the stock is currently owned by insiders.

Institutional Trading of Travel + Leisure

Several institutional investors have recently added to or reduced their stakes in TNL. Blue Trust Inc. grew its holdings in shares of Travel + Leisure by 898.8% in the third quarter. Blue Trust Inc. now owns 2,547 shares of the company’s stock valued at $115,000 after purchasing an additional 2,292 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Travel + Leisure by 454.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,488 shares of the company’s stock valued at $161,000 after buying an additional 2,859 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Travel + Leisure in the third quarter worth $368,000. International Assets Investment Management LLC increased its position in shares of Travel + Leisure by 4,532.8% during the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock worth $248,000 after acquiring an additional 5,258 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Travel + Leisure by 16.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,262 shares of the company’s stock valued at $1,809,000 after acquiring an additional 5,463 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.