Travel + Leisure (NYSE:TNL) PT Lowered to $62.00 at Deutsche Bank Aktiengesellschaft

Travel + Leisure (NYSE:TNL) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $65.00 to $62.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

TNL has been the topic of a number of other research reports. Barclays increased their price objective on Travel + Leisure from $44.00 to $48.00 and gave the company an equal weight rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their target price on Travel + Leisure from $53.00 to $63.00 and gave the company an overweight rating in a research report on Friday, July 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $56.75.

Travel + Leisure Stock Performance

TNL opened at $45.86 on Thursday. Travel + Leisure has a one year low of $32.10 and a one year high of $49.91. The company has a market cap of $3.20 billion, a P/E ratio of 8.45, a PEG ratio of 2.56 and a beta of 1.63. The business’s 50-day simple moving average is $44.89 and its 200-day simple moving average is $44.30.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The business had revenue of $985.00 million for the quarter, compared to the consensus estimate of $987.20 million. During the same quarter in the prior year, the business posted $1.33 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts predict that Travel + Leisure will post 5.61 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.36%. Travel + Leisure’s payout ratio is 36.83%.

Institutional Trading of Travel + Leisure

Hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System acquired a new stake in Travel + Leisure during the 4th quarter worth approximately $794,000. Los Angeles Capital Management LLC lifted its position in Travel + Leisure by 1,025.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock worth $9,627,000 after acquiring an additional 179,149 shares during the period. Waterloo Capital L.P. acquired a new stake in Travel + Leisure during the 4th quarter worth approximately $2,081,000. Retirement Systems of Alabama lifted its position in Travel + Leisure by 87.9% during the 4th quarter. Retirement Systems of Alabama now owns 281,799 shares of the company’s stock worth $11,016,000 after acquiring an additional 131,796 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Travel + Leisure during the 1st quarter worth approximately $4,739,000. 87.54% of the stock is owned by institutional investors and hedge funds.

About Travel + Leisure

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.