Equities research analysts at Barclays started coverage on shares of Travel + Leisure (NYSE:TNL – Get Rating) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm set an “equal weight” rating on the stock.
Separately, Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and raised their price objective for the company from $62.00 to $79.00 in a research report on Friday, April 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.60.
Shares of TNL traded up $1.82 during mid-day trading on Tuesday, reaching $40.64. The company’s stock had a trading volume of 839,203 shares, compared to its average volume of 848,899. Travel + Leisure has a 1-year low of $37.67 and a 1-year high of $63.19. The stock has a market cap of $3.47 billion, a P/E ratio of 10.27 and a beta of 1.67. The business has a 50-day simple moving average of $48.16 and a two-hundred day simple moving average of $52.79.
Travel + Leisure (NYSE:TNL – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). Travel + Leisure had a net margin of 9.98% and a negative return on equity of 40.92%. The business had revenue of $809.00 million during the quarter, compared to analyst estimates of $772.11 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 28.8% on a year-over-year basis. As a group, research analysts predict that Travel + Leisure will post 4.54 EPS for the current fiscal year.
In other Travel + Leisure news, insider James J. Savina sold 5,500 shares of Travel + Leisure stock in a transaction on Friday, April 29th. The stock was sold at an average price of $57.19, for a total value of $314,545.00. Following the completion of the transaction, the insider now directly owns 13,659 shares of the company’s stock, valued at approximately $781,158.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.07% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Counterpoint Mutual Funds LLC bought a new stake in Travel + Leisure during the 1st quarter worth $25,000. Capital Analysts LLC grew its position in shares of Travel + Leisure by 80.2% in the 4th quarter. Capital Analysts LLC now owns 472 shares of the company’s stock valued at $26,000 after buying an additional 210 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of Travel + Leisure in the 1st quarter valued at about $29,000. Meeder Asset Management Inc. bought a new stake in shares of Travel + Leisure in the 1st quarter valued at about $29,000. Finally, Carroll Financial Associates Inc. bought a new stake in shares of Travel + Leisure in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 87.70% of the company’s stock.
Travel + Leisure Company Profile (Get Rating)
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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