Morgan Stanley Sticks to Their Buy Rating for Travel + Leisure Co (TNL)

Morgan Stanley analyst Stephen Grambling maintained a Buy rating on Travel + Leisure Co today and set a price target of $78.00.

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Grambling covers the Consumer Cyclical sector, focusing on stocks such as PENN Entertainment, Marriott International, and Marriott Vacations Worldwide Corporation. According to TipRanks, Grambling has an average return of 5.3% and a 59.24% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Travel + Leisure Co with a $85.00 average price target.

Based on Travel + Leisure Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $961 million and a net profit of $79 million. In comparison, last year the company earned a revenue of $934 million and had a net profit of $73 million

Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TNL in relation to earlier this year. Last month, Erik D Hoag, the CFO of TNL bought 1,000.00 shares for a total of $65,670.00.