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

Travel + Leisure (NYSE:TNL) had its target price lifted by Truist Financial from $61.00 to $72.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 34.31% from the stock’s previous close.

Several other analysts have also weighed in on the company. Morgan Stanley began coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their price target for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Tigress Financial lifted their price target on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group lifted their price target on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus target price of $63.70.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $53.61 on Friday. Travel + Leisure has a 52 week low of $39.91 and a 52 week high of $58.95. The stock has a market capitalization of $3.58 billion, a P/E ratio of 9.18, a PEG ratio of 0.67 and a beta of 1.61. The stock’s fifty day moving average is $53.86 and its 200 day moving average is $50.44.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping 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%. Travel + Leisure’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.98 earnings per share. Equities research analysts forecast that Travel + Leisure will post 6.46 earnings per share for the current year.

Hedge Funds Weigh In On Travel + Leisure

A number of hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its holdings in Travel + Leisure by 4.4% in the third quarter. Janney Montgomery Scott LLC now owns 45,512 shares of the company’s stock worth $2,097,000 after purchasing an additional 1,929 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Travel + Leisure by 4.6% during the third quarter. QRG Capital Management Inc. now owns 18,826 shares of the company’s stock valued at $867,000 after acquiring an additional 821 shares in the last quarter. Foster & Motley Inc. bought a new stake in shares of Travel + Leisure during the third quarter valued at approximately $478,000. Summit Global Investments bought a new stake in shares of Travel + Leisure during the third quarter valued at approximately $428,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Travel + Leisure during the third quarter valued at approximately $44,000. 87.54% of the stock is currently owned by institutional investors.

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.