Travel + Leisure (NYSE:TNL) Stock Rating Upgraded by Bank of America

Travel + Leisure (NYSE:TNLGet Free Report) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “buy” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage currently has a $60.00 price target on the stock, up from their prior price target of $40.00. Bank of America‘s target price suggests a potential upside of 9.91% from the stock’s current price.

Several other equities analysts have also recently commented on TNL. Morgan Stanley started coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 price target on the stock. JPMorgan Chase & Co. increased their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus raised their price target on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Tigress Financial upped their price objective on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.55.

View Our Latest Research Report on TNL

Travel + Leisure Stock Performance

Shares of TNL opened at $54.59 on Monday. The company has a market capitalization of $3.73 billion, a P/E ratio of 9.27, a P/E/G ratio of 0.68 and a beta of 1.64. The stock has a 50-day moving average price of $52.69 and a 200 day moving average price of $48.33. Travel + Leisure has a one year low of $39.66 and a one year high of $56.91.

Insider Buying and Selling at Travel + Leisure

In other news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction on Monday, November 25th. The stock was 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 in the company, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 19,016 shares of company stock valued at $1,042,863. Company insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TNL. UMB Bank n.a. raised its position in Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 526 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Travel + Leisure by 49.2% in 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. MassMutual Private Wealth & Trust FSB lifted its stake in Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after purchasing an additional 503 shares during the last quarter. Brooklyn Investment Group bought a new stake in Travel + Leisure during the third quarter worth approximately $43,000. Finally, Capital Performance Advisors LLP acquired a new position in Travel + Leisure in the third quarter worth approximately $44,000. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Travel + Leisure (NYSE:TNL)

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