Travel + Leisure (NYSE:TNL – Get Free Report As Benzinga reports, equities research analysts at Deutsche Bank lowered their price target on the company from $65.00 to $62.00 in a research note issued on Thursday. The firm now rates the stock a “Buy.” Deutsche Bank’s price target suggests a potential upside of 35.19% from the stock’s previous closing price.
A number of other stock analysts have also commented on TNL recently. Barclays increased their price target on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. JPMorgan Chase raised their price target 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 investment analysts have assigned a hold rating to the stock, while six have assigned a buy rating. The company currently has a “moderate buy” consensus rating and a consensus price target of $56.75, according to MarketBeat data.
Check out our latest stock analysis for Travel + Leisure
Travel + Leisure trade up 1.3%
TNL opened trading at $45.86 on Thursday. The stock has a market cap of $3.2 billion, a P/E ratio of 8.45, a P/G ratio of 2.53 and a beta of 1.63. Travel + Leisure’s 12-month low is $32.10 and its high is $49.91. The company’s 50-day simple moving average is $44.89 and its 200-day simple moving average is $44.23.
Travel + Leisure (NYSE:TNL – get free report ) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a return on equity of -46.63%. The company’s revenue for the quarter was $985 million, beating analyst expectations of $987.2 million. EPS during the same period last year was $1.33. The company’s revenue grew 3.8% year over year. Equity research analysts on average expect Travel + Leisure to post EPS of $5.54 for the current fiscal year.
Institutional investor inflows and outflows
Large investors have been buying and selling the stock recently. Quent Capital LLC increased its holdings in Travel + Leisure by 23.6% in the fourth quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock, valued at $57,000, after purchasing an additional 278 shares during the period. Michigan State Retirement System increased its holdings in Travel + Leisure by 2.3% in the first quarter. Michigan State Retirement System now owns 17,807 shares of the company’s stock, valued at $872,000, after acquiring an additional 400 shares in the last quarter. Allworth Financial LP increased its holdings in Travel + Leisure by 147.5% in the fourth quarter. Allworth Financial LP now owns 698 shares of the company’s stock, valued at $27,000, after acquiring an additional 416 shares in the last quarter. QRG Capital Management Inc. increased its stake in Travel + Leisure by 2.5% in the second quarter. QRG Capital Management Inc. acquired an additional 432 shares in the last quarter and now owns 18,005 shares of the company, valued at $810,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Travel + Leisure by 1.3% in the first quarter. Wealth Enhancement Advisory Services LLC acquired an additional 445 shares in the last quarter and now owns 34,068 shares of the company, valued at $1,668,000. 87.54% of the stock is owned by institutional investors.
About Travel + Leisure
(Get your free report)
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates through two segments: Vacation Ownership and Travel & Memberships. The Vacation Ownership segment develops, markets and sells vacation ownership interests (VOIs) to private consumers, as well as providing consumer financing in connection with the sale of VOIs and property management services at resorts.
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