Travel + Leisure (NYSE:TNL) Upgraded to Buy by Jefferies Financial Group

Travel + Leisure (NYSE:TNL – Get Rating) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Friday, The Fly reports.

Separately, Zacks Investment Research cut Travel + Leisure from a “buy” rating to a “hold” rating in a report on Thursday, January 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $71.00.

TNL stock opened at $55.62 on Friday. The firm has a market capitalization of $4.77 billion, a PE ratio of 15.80 and a beta of 1.75. Travel + Leisure has a 1-year low of $46.10 and a 1-year high of $67.33. The business’s 50 day simple moving average is $54.78 and its 200 day simple moving average is $54.83.

Travel + Leisure (NYSE:TNL – Get Rating) last posted its earnings results on Thursday, April 28th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). The business had revenue of $809.00 million for the quarter, compared to analyst estimates of $772.11 million. Travel + Leisure had a negative return on equity of 36.08% and a net margin of 9.86%. The firm’s revenue was up 28.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. As a group, research analysts predict that Travel + Leisure will post 4.48 EPS for the current fiscal year.

In other Travel + Leisure news, Director George Herrera sold 2,189 shares of Travel + Leisure stock in a transaction on Friday, March 18th. The stock was sold at an average price of $58.50, for a total value of $128,056.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Geoffrey Richards sold 13,000 shares of Travel + Leisure stock in a transaction on Wednesday, February 9th. The shares were sold at an average price of $60.47, for a total value of $786,110.00. The disclosure for this sale can be found here. Company insiders own 1.93% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in TNL. Morgan Stanley raised its holdings in Travel + Leisure by 23.7% in the 2nd quarter. Morgan Stanley now owns 357,277 shares of the company’s stock valued at $21,240,000 after acquiring an additional 68,408 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Travel + Leisure by 2.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,547 shares of the company’s stock worth $520,000 after buying an additional 216 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Travel + Leisure by 7.8% during the 3rd quarter. Victory Capital Management Inc. now owns 251,697 shares of the company’s stock worth $13,725,000 after buying an additional 18,133 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Travel + Leisure by 4.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,160 shares of the company’s stock worth $281,000 after buying an additional 212 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Travel + Leisure by 12.0% during the 3rd quarter. Raymond James & Associates now owns 79,545 shares of the company’s stock worth $4,338,000 after buying an additional 8,505 shares in the last quarter. 87.23% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Company Profile (Get Rating)

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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