Travel + Leisure (NYSE:TNL) Given New $54.00 Price Target at Barclays

Travel + Leisure (NYSE:TNL) had its price target upped by Barclays from $48.00 to $54.00 in a research report released on Thursday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. upped their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their price target 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. Mizuho reiterated a “neutral” rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research note on Thursday. Truist Financial boosted their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Tigress Financial increased their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Travel + Leisure Trading Down 1.1 %

Shares of TNL stock opened at $57.23 on Thursday. The firm has a fifty day simple moving average of $53.05 and a 200-day simple moving average of $49.38. The company has a market capitalization of $3.91 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. Travel + Leisure has a twelve month low of $39.91 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same period in the prior year, the company posted $1.98 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts predict that Travel + Leisure will post 6.5 EPS for the current year.

Insiders Place Their Bets

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors have recently modified their holdings of TNL. Jones Financial Companies Lllp acquired a new position in Travel + Leisure during the 4th quarter valued at about $25,000. Versant Capital Management Inc boosted its position in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after buying an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Travel + Leisure by 314.4% during the fourth 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 bought a new position in Travel + Leisure in the 4th quarter worth approximately $37,000. Finally, UMB Bank n.a. increased its position in Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after acquiring an additional 204 shares during the period. 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.