Truist Financial Issues Positive Forecast for Travel + Leisure (NYSE:TNL) Stock Price

Travel + Leisure (NYSE:TNL) had its price target increased by research analysts at Truist Financial from $60.00 to $61.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 10.15% from the company’s current price.

TNL has been the topic of several other research reports. The Goldman Sachs Group upped their price objective on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Stifel Nicolaus upped their price objective on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday. Tigress Financial upped their price objective on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Barclays upped their price objective on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.80.

Travel + Leisure Stock Down 0.2 %

Shares of NYSE TNL opened at $55.38 on Tuesday. The business’s 50 day moving average price is $48.71 and its 200 day moving average price is $45.76. The firm has a market cap of $3.79 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.81 and a beta of 1.61. Travel + Leisure has a 52 week low of $35.41 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 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The firm had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. Travel + Leisure’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 earnings per share. As a group, research analysts expect that Travel + Leisure will post 5.77 earnings per share for the current year.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares of the company’s stock, valued at $269,832.96. This trade represents a 25.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. This trade represents a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,455 shares of company stock valued at $5,075,834. 4.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Travel + Leisure

A number of hedge funds have recently modified their holdings of TNL. UMB Bank n.a. grew its holdings in shares of 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 during the period. Versant Capital Management Inc purchased a new position in shares of Travel + Leisure during the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after purchasing an additional 607 shares during the period. Family Firm Inc. purchased a new position in shares of Travel + Leisure during the 2nd quarter worth $31,000. Finally, Larson Financial Group LLC purchased a new position in shares of Travel + Leisure during the 2nd quarter worth $36,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

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.