9 hours Ago By ABMN Staff
Travel + Leisure ( NYSE:TNL – Get Free Report ) ‘s stock had its “neutral” rating reaffirmed by equities research analysts at Mizuho in a report released on Thursday, Benzinga reports. They presently have a $64.00 target price on the stock, up from their previous target price of $55.
00. Mizuho’s price objective suggests a potential upside of 15.84% from the stock’s current price.
Several other analysts have also issued reports on the company. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price objective for the company from $40.00 to $60.
00 in a research note on Monday, January 27th. Tigress Financial upped their price objective on Travel + Leisure from $58.00 to $64.
00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays upped their price objective on Travel + Leisure from $41.00 to $48.
00 and gave the company an “underweight” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. increased their target price on Travel + Leisure from $56.
00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Truist Financial increased their target price on Travel + Leisure from $60.
00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company.
According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.00. View Our Latest Analysis on TNL Travel + Leisure Stock Performance Travel + Leisure ( NYSE:TNL – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 19th.
The company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.
04. The firm had revenue of $971.00 million for 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 revenue was up 3.9% compared to the same quarter last year.
During the same quarter in the previous year, the business earned $1.98 earnings per share. As a group, equities analysts predict that Travel + Leisure will post 6.
5 earnings per share for the current fiscal year. Insider Buying and Selling at Travel + Leisure In other news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.
56, for a total value of $531,664.00. Following the completion of the transaction, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.
12. This represents a 7.79 % decrease in their position.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Company insiders own 4.02% of the company’s stock.
Institutional Inflows and Outflows Large investors have recently modified their holdings of the company. Norges Bank bought a new position in Travel + Leisure during the 4th quarter worth $45,804,000. Algert Global LLC raised its position in Travel + Leisure by 168.
9% during the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock worth $14,712,000 after purchasing an additional 200,549 shares during the last quarter. Nuveen Asset Management LLC raised its position in Travel + Leisure by 25.
1% during the 4th quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company’s stock worth $45,299,000 after purchasing an additional 180,059 shares during the last quarter. Invesco Ltd.
raised its position in Travel + Leisure by 4.8% during the 4th 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Travel + Leisure by 21.
1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after acquiring an additional 138,153 shares in the last quarter.
87.54% of the stock is currently owned by institutional investors. About Travel + Leisure ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Travel + Leisure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travel + Leisure and related companies with MarketBeat.
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