Travel + Leisure (NYSE:TNL – Get Free Report)‘s stock had its “neutral” rating restated by investment analysts at Mizuho in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $64.00 target price on the stock, up from their prior target price of $55.00. Mizuho’s price target would suggest a potential upside of 10.41% from the company’s current price.
A number of other brokerages also recently issued reports on TNL. JPMorgan Chase & Co. raised their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price target for the company from $40.00 to $60.00 in a report on Monday, January 27th. Morgan Stanley initiated coverage on Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective for the company. Finally, Truist Financial increased 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.40.
Get Our Latest Stock Report on TNL
Travel + Leisure Stock Up 0.9 %
Shares of NYSE TNL opened at $57.97 on Thursday. The firm has a market cap of $3.96 billion, a P/E ratio of 9.84, a PEG ratio of 0.66 and a beta of 1.64. Travel + Leisure has a twelve month low of $39.91 and a twelve month high of $58.95. The company has a 50 day moving average of $52.98 and a 200 day moving average of $49.32.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter in the previous year, the business earned $1.98 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that Travel + Leisure will post 5.75 earnings per share for the current fiscal year.
Insider Activity at Travel + Leisure
In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the transaction, the insider now owns 111,202 shares of the company’s stock, valued at $6,289,585.12. The trade was a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.02% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Travel + Leisure during the fourth quarter valued at about $45,804,000. Algert Global LLC grew its holdings in Travel + Leisure by 168.9% during the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after buying an additional 200,549 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Travel + Leisure by 25.1% in the 4th quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company’s stock worth $45,299,000 after acquiring an additional 180,059 shares during the last quarter. Invesco Ltd. increased its stake in Travel + Leisure by 4.8% in the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock worth $178,822,000 after acquiring an additional 163,804 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Travel + Leisure by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after acquiring an additional 138,153 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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