Barclays Initiates Coverage on Travel + Leisure (NYSE:TNL)

Research analysts at Barclays started coverage on shares of Travel + Leisure (NYSE:TNLGet Rating) in a research note issued on Tuesday, MarketBeat reports. The brokerage set an “equal weight” rating on the stock.

Separately, Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $79.00 in a research note on Friday, April 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $76.60.

Shares of TNL stock traded down $1.01 on Tuesday, reaching $38.82. The company had a trading volume of 908,429 shares, compared to its average volume of 848,481. The stock has a market cap of $3.32 billion, a PE ratio of 10.54 and a beta of 1.67. The company has a 50-day moving average of $48.47 and a 200-day moving average of $52.86. Travel + Leisure has a 12 month low of $37.67 and a 12 month high of $63.19.

Travel + Leisure (NYSE:TNLGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). The company had revenue of $809.00 million during the quarter, compared to the consensus estimate of $772.11 million. Travel + Leisure had a net margin of 9.98% and a negative return on equity of 40.92%. The business’s revenue was up 28.8% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Analysts anticipate that Travel + Leisure will post 4.54 EPS for the current year.

In other news, insider James J. Savina sold 5,500 shares of the stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $57.19, for a total value of $314,545.00. Following the completion of the sale, the insider now owns 13,659 shares of the company’s stock, valued at approximately $781,158.21. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.07% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Counterpoint Mutual Funds LLC acquired a new stake in Travel + Leisure during the 1st quarter valued at $25,000. Capital Analysts LLC lifted its holdings in Travel + Leisure by 80.2% during the 4th quarter. Capital Analysts LLC now owns 472 shares of the company’s stock valued at $26,000 after purchasing an additional 210 shares during the last quarter. Carroll Financial Associates Inc. acquired a new stake in Travel + Leisure during the 4th quarter valued at $27,000. Prospera Financial Services Inc acquired a new stake in Travel + Leisure during the 1st quarter valued at $29,000. Finally, Meeder Asset Management Inc. acquired a new stake in Travel + Leisure during the 1st quarter valued at $29,000. 87.70% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Company Profile (Get Rating)

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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