Citizens Jmp Increases Travel + Leisure (NYSE:TNL) Price Target to $90.00

Travel + Leisure (NYSE:TNL) had its target price raised by equities researchers at Citizens Jmp from $80.00 to $90.00 in a report released on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price target would suggest a potential upside of 18.33% from the company’s current price.

Other research analysts have also issued research reports about the company. Mizuho set a $86.00 price objective on Travel + Leisure in a report on Wednesday, October 22nd. Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Stifel Nicolaus set a $89.00 price target on shares of Travel + Leisure in a report on Wednesday. The Goldman Sachs Group lifted their price objective on shares of Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Finally, Morgan Stanley upped their target price on shares of Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.45.

Travel + Leisure Price Performance

TNL opened at $76.06 on Thursday. The firm has a market capitalization of $4.75 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 0.64 and a beta of 1.38. Travel + Leisure has a one year low of $37.77 and a one year high of $81.00. The company has a fifty day moving average price of $72.22 and a 200-day moving average price of $66.09.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.83. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company earned $1.72 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts expect that Travel + Leisure will post 6.46 earnings per share for the current year.

Insider Buying and Selling at Travel + Leisure

In related news, Director George Herrera sold 559 shares of Travel + Leisure stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total value of $38,112.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Geoffrey Richards sold 62,525 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the completion of the sale, the insider directly owned 39,604 shares of the company’s stock, valued at $2,580,992.68. This represents a 61.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travel + Leisure

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Travel + Leisure during the 2nd quarter worth approximately $50,934,000. AQR Capital Management LLC boosted its stake in shares of Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after purchasing an additional 855,151 shares during the period. LSV Asset Management grew its holdings in shares of Travel + Leisure by 69.0% in the second quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock worth $83,371,000 after purchasing an additional 659,293 shares during the last quarter. Truist Financial Corp purchased a new position in shares of Travel + Leisure in the third quarter worth $38,959,000. Finally, Jupiter Asset Management Ltd. raised its holdings in Travel + Leisure by 13,198.4% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock valued at $30,996,000 after buying an additional 517,113 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.