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

Travel + Leisure (NYSE:TNL) had its price objective upped by Tigress Financial from $64.00 to $70.00 in a research report released on Thursday,Benzinga reports. Tigress Financial currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus increased their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Truist Financial raised their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $60.00 in a report on Monday, January 27th. Mizuho restated a “neutral” rating and issued a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.60.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $53.50 on Thursday. The firm’s 50 day moving average price is $53.75 and its 200-day moving average price is $50.30. Travel + Leisure has a 52-week low of $39.91 and a 52-week high of $58.95. The company has a market cap of $3.57 billion, a PE ratio of 9.16, a P/E/G ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.04. The business had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.98 EPS. On average, analysts forecast that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Travel + Leisure

A number of hedge funds have recently modified their holdings of TNL. Jones Financial Companies Lllp bought a new position in Travel + Leisure in the 4th quarter worth $25,000. Versant Capital Management Inc increased its position in Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after buying an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after buying an additional 503 shares during the period. Natixis purchased a new position in shares of Travel + Leisure during the 4th quarter valued at about $37,000. Finally, UMB Bank n.a. grew its stake in shares of Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after acquiring an additional 204 shares during the period. Institutional investors own 87.54% of the company’s stock.

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.