Truist Financial Trims Travel + Leisure (NYSE:TNL) Target Price to $60.00

Travel + Leisure (NYSE:TNL) had its price objective cut by analysts at Truist Financial from $65.00 to $60.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 38.03% from the stock’s current price.

Other research analysts have also issued reports about the stock. Tigress Financial raised their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.63.

Travel + Leisure Trading Down 0.0 %

NYSE TNL traded down $0.02 on Thursday, hitting $43.47. 93,811 shares of the company were exchanged, compared to its average volume of 564,019. Travel + Leisure has a 12 month low of $32.10 and a 12 month high of $49.91. The company has a market cap of $3.03 billion, a PE ratio of 8.01, a PEG ratio of 0.61 and a beta of 1.62. The stock has a fifty day moving average of $44.32 and a 200-day moving average of $44.83.

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

Institutional Trading of Travel + Leisure

Institutional investors and hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC lifted its holdings in shares of Travel + Leisure by 1,025.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock worth $9,627,000 after acquiring an additional 179,149 shares during the last quarter. Waterloo Capital L.P. bought a new position in shares of Travel + Leisure during the fourth quarter valued at about $2,081,000. Acadian Asset Management LLC purchased a new position in shares of Travel + Leisure in the first quarter worth about $4,739,000. Harbor Capital Advisors Inc. boosted its holdings in Travel + Leisure by 125.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock valued at $2,393,000 after acquiring an additional 29,656 shares during the period. Finally, Bank of Nova Scotia purchased a new position in Travel + Leisure in the 4th quarter worth approximately $4,496,000. Hedge funds and other 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.