Travel + Leisure (NYSE:TNL – Get Free Report) had its price objective upped by Truist Financial from $61.00 to $72.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price suggests a potential upside of 34.77% from the stock’s previous close.
TNL has been the subject of several other research reports. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their target price for the company from $40.00 to $60.00 in a report on Monday, January 27th. JPMorgan Chase & Co. increased their target price 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. Mizuho reiterated a “neutral” rating and issued a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Stifel Nicolaus lifted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Tigress Financial boosted their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research 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’s stock. According to MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average target price of $63.70.
Get Our Latest Stock Analysis on Travel + Leisure
Travel + Leisure Stock Performance
Travel + Leisure stock traded down $0.07 during trading on Friday, reaching $53.42. The company had a trading volume of 86,551 shares, compared to its average volume of 566,514. The firm’s 50-day simple moving average is $53.75 and its 200 day simple moving average is $50.30. Travel + Leisure has a 1-year low of $39.91 and a 1-year high of $58.95. The firm has a market capitalization of $3.56 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter in the previous year, the company posted $1.98 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts anticipate that Travel + Leisure will post 6.46 EPS for the current year.
Institutional Investors Weigh In On Travel + Leisure
Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of Travel + Leisure by 4.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 45,512 shares of the company’s stock worth $2,097,000 after purchasing an additional 1,929 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Travel + Leisure by 4.6% in the third quarter. QRG Capital Management Inc. now owns 18,826 shares of the company’s stock valued at $867,000 after acquiring an additional 821 shares in the last quarter. Foster & Motley Inc. acquired a new stake in shares of Travel + Leisure during the third quarter valued at $478,000. Summit Global Investments purchased a new stake in Travel + Leisure during the 3rd quarter worth about $428,000. Finally, Capital Performance Advisors LLP acquired a new position in Travel + Leisure in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.
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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