Travel + Leisure (NYSE:TNL – Get Free Report) had its price target hoisted by equities research analysts at Tigress Financial from $64.00 to $70.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Tigress Financial’s price target points to a potential upside of 30.83% from the stock’s previous close.
TNL has been the topic of several other research reports. The Goldman Sachs Group upped their price objective on 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 shares of Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price target for the stock from $40.00 to $60.00 in a report on Monday, January 27th. Barclays lifted their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. increased their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Truist Financial raised their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.60.
Get Our Latest Stock Analysis on TNL
Travel + Leisure Stock Performance
Shares of Travel + Leisure stock traded down $1.30 during trading on Thursday, hitting $53.50. 577,301 shares of the company’s stock were exchanged, compared to its average volume of 567,411. Travel + Leisure has a 52-week low of $39.91 and a 52-week high of $58.95. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.67 and a beta of 1.61. The business has a 50-day simple moving average of $53.75 and a 200-day simple moving average of $50.30.
Travel + Leisure (NYSE:TNL – Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 negative return on equity of 45.75% and a net margin of 10.63%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 EPS. On average, equities analysts anticipate that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Travel + Leisure
Institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Travel + Leisure in the fourth quarter valued at approximately $45,804,000. Algert Global LLC boosted its stake in Travel + Leisure by 168.9% during the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock worth $14,712,000 after purchasing an additional 200,549 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Travel + Leisure by 25.1% during the fourth quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company’s stock worth $45,299,000 after buying an additional 180,059 shares in the last quarter. Invesco Ltd. raised its position in shares of Travel + Leisure by 4.8% in the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock valued at $178,822,000 after buying an additional 163,804 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Travel + Leisure by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after buying an additional 138,153 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.
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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