Travel + Leisure (NYSE:TNL) Given New $63.00 Price Target at JPMorgan Chase & Co.

Travel + Leisure (NYSE:TNL) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $56.00 to $63.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 18.53% from the company’s current price.

Several other equities research analysts have also commented on the company. Stifel Nicolaus upped their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group raised their price objective 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. Truist Financial lifted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Tigress Financial raised their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays lifted their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.50.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $53.15 on Friday. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.77 and a beta of 1.63. Travel + Leisure has a 52-week low of $37.99 and a 52-week high of $56.91. The firm has a 50 day moving average price of $51.12 and a two-hundred day moving average price of $46.65.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. Travel + Leisure’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $1.54 earnings per share. As a group, equities research analysts predict that Travel + Leisure will post 5.75 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Geoffrey Richards sold 9,400 shares of the firm’s stock in a transaction dated 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 directly owns 111,202 shares of the company’s stock, valued at $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George Herrera sold 2,193 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares of the company’s stock, valued at $269,832.96. The trade was a 25.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,209 shares of company stock valued at $4,940,022. Corporate insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors have recently modified their holdings of TNL. Quest Partners LLC boosted its position in Travel + Leisure by 1,474.2% in the second quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock worth $998,000 after purchasing an additional 20,772 shares during the last quarter. Versor Investments LP grew its position in Travel + Leisure by 45.4% during the third quarter. Versor Investments LP now owns 40,290 shares of the company’s stock valued at $1,857,000 after buying an additional 12,585 shares during the period. Hancock Whitney Corp purchased a new stake in Travel + Leisure during the second quarter worth about $1,925,000. FMR LLC raised its position in Travel + Leisure by 28.5% in the third quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after acquiring an additional 58,008 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in Travel + Leisure by 4,532.8% in the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after acquiring an additional 5,258 shares during the last quarter. 87.54% of the stock is owned by 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.