Travel + Leisure (NYSE:TNL) Price Target Raised to $63.00 at JPMorgan Chase & Co.

Travel + Leisure (NYSE:TNL) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $56.00 to $63.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 17.63% from the company’s current price.

TNL has been the topic of several other reports. The Goldman Sachs Group increased their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday. Tigress Financial increased their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. Truist Financial increased their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays boosted their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus lifted their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average target price of $57.80.

Travel + Leisure Stock Down 0.8 %

Travel + Leisure stock opened at $53.56 on Friday. The stock has a 50-day moving average price of $50.99 and a 200 day moving average price of $46.57. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 0.78 and a beta of 1.63. Travel + Leisure has a 52 week low of $36.77 and a 52 week high of $56.91.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 earnings per share. Research analysts anticipate that Travel + Leisure will post 5.75 EPS for the current fiscal year.

Insider Activity at Travel + Leisure

In related news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the transaction, the director now owns 362,947 shares of the company’s stock, valued at approximately $17,258,129.85. This trade represents a 18.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Geoffrey Richards sold 5,009 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the transaction, the insider now owns 125,209 shares in the company, valued at $6,530,901.44. This trade represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,209 shares of company stock worth $4,940,022. Insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

Institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. grew its stake in Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 526 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after purchasing an additional 607 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Travel + Leisure in the 2nd quarter valued at about $31,000. Larson Financial Group LLC purchased a new stake in shares of Travel + Leisure during the second quarter worth approximately $36,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Travel + Leisure in the second quarter valued at approximately $38,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Company Profile

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.