Travel + Leisure Co. (NYSE:TNL) Receives $62.00 Consensus PT from Brokerages

Travel + Leisure Co. (NYSE:TNL) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $62.00.

A number of equities analysts recently commented on TNL shares. Morgan Stanley began coverage on Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price on the stock. Stifel Nicolaus upped their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their target price for the company from $40.00 to $60.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted 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. Finally, Truist Financial increased their price target on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Invesco Ltd. increased its position in shares of Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock worth $178,822,000 after purchasing an additional 163,804 shares in the last quarter. Copeland Capital Management LLC raised its stake in Travel + Leisure by 0.8% in the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock valued at $78,984,000 after buying an additional 12,111 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Travel + Leisure by 4.3% in the fourth quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company’s stock worth $71,358,000 after acquiring an additional 58,944 shares in the last quarter. Northern Trust Corp grew its stake in shares of Travel + Leisure by 9.6% during the fourth quarter. Northern Trust Corp now owns 1,036,703 shares of the company’s stock worth $52,302,000 after acquiring an additional 90,553 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Travel + Leisure by 15.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company’s stock worth $46,169,000 after acquiring an additional 122,173 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

TNL stock opened at $55.25 on Friday. The company 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. 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 price is $53.09 and its 200-day moving average price is $49.59.

Travel + Leisure (NYSE:TNL) last released its quarterly 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 business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 EPS. As a group, analysts expect that Travel + Leisure will post 6.46 earnings per share for the current year.

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.