Travel + Leisure (NYSE:TNL) Stock Price Expected to Rise, Tigress Financial Analyst Says

Travel + Leisure (NYSE:TNL) had its target price lifted by analysts at Tigress Financial from $64.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Tigress Financial’s target price would indicate a potential upside of 30.58% from the stock’s previous close.

A number of other equities research analysts have also commented on TNL. Mizuho restated a “neutral” rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Stifel Nicolaus raised their price objective on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays raised their price objective on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised their price objective on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Truist Financial raised their price objective on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.70.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $53.61 on Thursday. The firm has a market capitalization of $3.58 billion, a PE ratio of 9.18, a P/E/G ratio of 0.67 and a beta of 1.61. Travel + Leisure has a 1-year low of $39.91 and a 1-year high of $58.95. The business’s fifty day moving average price is $53.80 and its two-hundred day moving average price is $50.32.

Travel + Leisure (NYSE:TNL) last announced its 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 negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter last year, the business posted $1.98 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Institutional Trading of Travel + Leisure

Several institutional investors have recently bought and sold shares of TNL. Jones Financial Companies Lllp acquired a new stake in Travel + Leisure in the 4th quarter valued at $25,000. Versant Capital Management Inc boosted 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 valued at $32,000 after buying an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after buying an additional 503 shares in the last quarter. Natixis acquired a new position in Travel + Leisure in the fourth quarter worth $37,000. Finally, UMB Bank n.a. boosted its stake in Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds 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.