The Goldman Sachs Group Increases Travel + Leisure (NYSE:TNL) Price Target to $59.00

Travel + Leisure (NYSE:TNL) had its target price lifted by stock analysts at The Goldman Sachs Group from $49.00 to $59.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 9.38% from the stock’s previous close.

TNL has been the subject of a number of other reports. Barclays boosted their price objective on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Truist Financial increased their price target on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Tigress Financial upped their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.80.

Travel + Leisure Stock Down 2.5 %

NYSE:TNL opened at $53.94 on Tuesday. Travel + Leisure has a twelve month low of $36.77 and a twelve month high of $56.91. The firm has a market capitalization of $3.69 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.80 and a beta of 1.63. The company has a fifty day moving average of $50.52 and a 200-day moving average of $46.40.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business earned $1.54 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts anticipate that Travel + Leisure will post 5.75 EPS for the current fiscal year.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the transaction, the director now directly owns 362,947 shares of the company’s stock, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 2,193 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. The trade was a 25.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,455 shares of company stock worth $5,075,834. 4.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Travel + Leisure

A number of hedge funds have recently added to or reduced their stakes in TNL. UMB Bank n.a. lifted its stake in Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 526 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after purchasing an additional 607 shares during the period. Family Firm Inc. purchased a new stake in Travel + Leisure in the second quarter worth approximately $31,000. Larson Financial Group LLC bought a new stake in Travel + Leisure in the 2nd quarter worth approximately $36,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Travel + Leisure during the 2nd quarter valued at $38,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

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.