Travel + Leisure Co. (NYSE:TNL – Get Free Report) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $62.00.
A number of research analysts have recently issued reports on the company. Truist Financial boosted their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays lifted their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th.
Read Our Latest Stock Report on Travel + Leisure
Travel + Leisure Price Performance
Shares of Travel + Leisure stock opened at $57.23 on Friday. The firm’s fifty day simple moving average is $53.05 and its 200-day simple moving average is $49.38. Travel + Leisure has a 12 month low of $39.91 and a 12 month high of $58.95. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.66 and a beta of 1.64.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.98 earnings per share. Analysts anticipate that Travel + Leisure will post 5.75 earnings per share for the current year.
Insiders Place Their Bets
In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the transaction, the insider now directly owns 111,202 shares of the company’s stock, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.02% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Travel + Leisure
Several hedge funds have recently bought and sold shares of TNL. Smartleaf Asset Management LLC increased its position in Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock worth $39,000 after buying an additional 181 shares in the last quarter. Cerity Partners LLC increased its position in Travel + Leisure by 1.0% during the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock worth $986,000 after buying an additional 200 shares in the last quarter. UMB Bank n.a. increased its position in Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after buying an additional 204 shares in the last quarter. Versant Capital Management Inc increased its position in Travel + Leisure by 49.2% during the 4th 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 position in Travel + Leisure by 16.8% during the 4th 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 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.
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