Travel + Leisure (NYSE:TNL) Price Target Raised to $54.00

Travel + Leisure (NYSE:TNL) had its price objective hoisted by Barclays from $48.00 to $54.00 in a report issued on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other analysts have also recently commented on the stock. Truist Financial boosted their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Stifel Nicolaus boosted their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley initiated coverage on shares of Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 target price on the stock. Finally, Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Travel + Leisure Stock Down 3.3 %

NYSE:TNL opened at $55.25 on Thursday. The stock has a market cap of $3.69 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. The firm’s fifty day simple moving average is $53.09 and its 200 day simple moving average is $49.54. Travel + Leisure has a twelve month low of $39.91 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating 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 business 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 business posted $1.98 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts expect that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the transaction, the insider now owns 111,202 shares of the company’s stock, valued at approximately $6,289,585.12. The trade was a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Travel + Leisure

A number of hedge funds have recently bought and sold shares of TNL. Norges Bank purchased a new position in Travel + Leisure in the 4th quarter worth about $45,804,000. Algert Global LLC increased its position in shares of 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 purchasing an additional 200,549 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Travel + Leisure by 25.1% during the 4th quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company’s stock valued at $45,299,000 after purchasing an additional 180,059 shares during the last quarter. Invesco Ltd. increased its position in shares of Travel + Leisure by 4.8% during the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock valued at $178,822,000 after purchasing an additional 163,804 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position 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 valued at $36,540,000 after purchasing an additional 138,153 shares during the last quarter. 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.