Travel + Leisure’s (TNL) Neutral Rating Reiterated at Mizuho

Mizuho restated their neutral rating on shares of Travel + Leisure (NYSE:TNL) in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a $64.00 target price on the stock, up from their previous target price of $55.00.

Several other research analysts have also recently weighed in on TNL. Barclays increased their price objective on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Tigress Financial raised their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their price target on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their price target for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Finally, Stifel Nicolaus raised their price objective on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.00.

Travel + Leisure Trading Down 3.3 %

NYSE TNL opened at $55.25 on Thursday. The company has a market cap of $3.69 billion, a PE ratio of 9.46, a PEG ratio of 0.67 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 stock has a 50 day moving average of $53.09 and a 200-day moving average of $49.54.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter in the prior year, the business earned $1.98 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts predict that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction 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 transaction, the insider now directly owns 111,202 shares in the company, valued at $6,289,585.12. This trade represents a 7.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its holdings in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after buying an additional 181 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Travel + Leisure by 1.0% in the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock worth $986,000 after purchasing an additional 200 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after purchasing an additional 204 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares in the last quarter. Finally, Capital Analysts LLC increased its stake in shares of Travel + Leisure by 16.8% in the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock worth $80,000 after purchasing an additional 227 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

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.