Travel + Leisure Co. (NYSE:TNL) Given Average Recommendation of “Moderate Buy” by Analysts

Travel + Leisure Co. (NYSE:TNL) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $59.55.

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price target for the company from $40.00 to $60.00 in a report on Monday, January 27th. The Goldman Sachs Group boosted their target price on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Tigress Financial lifted their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley assumed coverage on shares of Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective for the company.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $54.38 on Monday. Travel + Leisure has a fifty-two week low of $39.66 and a fifty-two week high of $56.91. The stock has a market cap of $3.72 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.63 and a beta of 1.64. The firm’s fifty day moving average price is $52.73 and its 200-day moving average price is $48.45.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is currently 33.96%.

Insider Buying and Selling

In other Travel + Leisure news, insider Geoffrey Richards sold 4,607 shares of Travel + Leisure stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total value of $249,929.75. Following the completion of the sale, the insider now owns 120,602 shares of the company’s stock, valued at approximately $6,542,658.50. This trade represents a 3.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 19,016 shares of company stock worth $1,042,863 in the last three months. Insiders own 4.02% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Several institutional investors have recently modified their holdings of the business. Copeland Capital Management LLC grew its position in Travel + Leisure by 0.8% during the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock valued at $78,984,000 after buying an additional 12,111 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Travel + Leisure by 21.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after purchasing an additional 138,153 shares during the period. Millennium Management LLC raised its holdings in Travel + Leisure by 440.7% in the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock worth $27,624,000 after purchasing an additional 500,554 shares during the period. Iridian Asset Management LLC CT lifted its position in Travel + Leisure by 1.3% during the third quarter. Iridian Asset Management LLC CT now owns 534,156 shares of the company’s stock valued at $24,614,000 after purchasing an additional 6,757 shares in the last quarter. Finally, Algert Global LLC grew its holdings in Travel + Leisure by 168.9% during the third quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after purchasing an additional 200,549 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Company Profile

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.