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Stifel maintained its Buy rating and $66.00 price target on Travel + Leisure (NYSE:TNL) stock on Friday, aligning with the broader analyst consensus of "Buy" and an average price target of $70. According to InvestingPro data, TNL currently trades near its Fair Value, with a P/E ratio of 8x. The firm adjusted its earnings per share (EPS) estimates for the company while keeping its EBITDA forecasts unchanged.
The research firm lowered its 2025 EPS estimate to $6.58 from the previous $6.68. Stifel also reduced its 2026 EPS projection to $7.89 from $8.14, and its 2027 EPS forecast to $9.67 from $10.19.
Stifel analyst Simon Yarmak attributed the EPS adjustments to "higher share price resulting in lower absolute share repurchases and therefore a higher denominator." This indicates the company is expected to buy back fewer shares than previously anticipated.
Despite the EPS revisions, Stifel maintained its adjusted EBITDA estimates for Travel + Leisure for 2025, 2026, and 2027. The unchanged EBITDA forecasts suggest the firm’s view on the company’s operational performance remains consistent.
The maintained Buy rating signals Stifel’s continued positive outlook on Travel + Leisure’s stock despite the adjusted earnings expectations for the coming years.
In other recent news, Travel + Leisure Co. reported its first-quarter financial results, revealing a consolidated EBITDA of $202 million, surpassing analysts’ expectations of $200 million. The company’s vacation ownership interval trends showed better-than-anticipated performance, with robust close rates contributing positively. Mizuho (NYSE:MFG) Securities adjusted its price target for Travel + Leisure Co. to $63, down from $64, while maintaining a Neutral rating on the stock. This move comes amid concerns over increased provisions, though the overall results were deemed compelling by the firm. Additionally, Travel + Leisure Co. declared a quarterly cash dividend of $0.56 per share, payable on June 30, 2025, to shareholders of record as of June 13, 2025.
Meanwhile, shareholders at Travel & Leisure Co.’s 2025 Annual Meeting elected a slate of directors to serve until the next annual meeting. They also approved executive compensation and ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year. In other developments, Wyndham Hotels & Resorts announced a quarterly dividend of $0.41 per share, also payable on June 30, 2025. The company introduced several new initiatives at its 2025 Global Conference, including advancements in technology and marketing, aimed at enhancing hotel owner success and guest experiences.
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