Travel + Leisure Co. (NYSE:TNL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Travel + Leisure Co. (NYSE:TNL) have been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat reports. One 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. The average 1-year target price among brokers that have covered the stock in the last year is $62.00.

A number of equities research analysts have issued reports on the company. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and raised their target price for the company from $40.00 to $60.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. 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 note on Tuesday, November 26th. 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. Finally, Tigress Financial lifted their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Travel + Leisure Stock Performance

TNL stock opened at $55.43 on Friday. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 0.67 and a beta of 1.64. Travel + Leisure has a 1 year low of $39.91 and a 1 year high of $58.95. The stock’s fifty day moving average is $53.42 and its two-hundred day moving average is $49.88.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The company had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $1.98 earnings per share. As a group, analysts predict that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TNL. Jones Financial Companies Lllp acquired a new position in Travel + Leisure during the fourth quarter worth about $25,000. Versant Capital Management Inc increased its stake in 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 raised its holdings in Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after buying an additional 503 shares during the period. Natixis acquired a new stake in Travel + Leisure during the 4th quarter worth about $37,000. Finally, UMB Bank n.a. raised its holdings in Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after buying an additional 204 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

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.