Travel + Leisure (NYSE:TNL) Price Target Increased to $58.00 by Analysts at Tigress Financial

Travel + Leisure (NYSE:TNL) had its price objective hoisted by equities research analysts at Tigress Financial from $54.00 to $58.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Tigress Financial’s target price suggests a potential upside of 25.43% from the company’s current price.

A number of other research analysts have also recently commented on TNL. Barclays upped their target price on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.25.

Travel + Leisure Price Performance

Shares of TNL traded up $0.38 during mid-day trading on Monday, reaching $46.24. 524,195 shares of the company’s stock traded hands, compared to its average volume of 569,460. The stock has a market cap of $3.23 billion, a P/E ratio of 8.52, a P/E/G ratio of 2.53 and a beta of 1.63. The stock’s 50-day moving average is $44.89 and its two-hundred day moving average is $44.30. Travel + Leisure has a 12 month low of $32.10 and a 12 month high of $49.91.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $987.20 million. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Research analysts predict that Travel + Leisure will post 5.61 earnings per share for the current year.

Institutional Trading of Travel + Leisure

Several hedge funds and other institutional investors have recently bought and sold shares of TNL. Raymond James & Associates boosted its position in Travel + Leisure by 9.5% during the 4th quarter. Raymond James & Associates now owns 33,094 shares of the company’s stock valued at $1,294,000 after acquiring an additional 2,865 shares in the last quarter. Quent Capital LLC boosted its position in Travel + Leisure by 23.6% during the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after acquiring an additional 278 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Travel + Leisure during the 4th quarter valued at $1,046,000. International Assets Investment Management LLC lifted its holdings in shares of Travel + Leisure by 3,808.7% during the 4th quarter. International Assets Investment Management LLC now owns 4,495 shares of the company’s stock valued at $176,000 after purchasing an additional 4,380 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Travel + Leisure by 147.5% during the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

About Travel + Leisure

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.