Travel + Leisure Co. (NYSE:TNL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Travel + Leisure Co. (NYSE:TNL) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $62.00.

TNL has been the topic of several recent analyst reports. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price objective for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Barclays upped their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. upped their price objective 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. Tigress Financial upped their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho reissued a “neutral” rating and set a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th.

Travel + Leisure Trading Down 0.1 %

Shares of TNL opened at $55.87 on Friday. The firm’s 50-day moving average is $53.21 and its two-hundred day moving average is $49.80. Travel + Leisure has a twelve month low of $39.91 and a twelve month high of $58.95. The firm has a market capitalization of $3.73 billion, a P/E ratio of 9.57, a PEG ratio of 0.67 and a beta of 1.64.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 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 analyst estimates of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.98 earnings per share. Analysts predict that Travel + Leisure will post 6.46 EPS for the current year.

Hedge Funds Weigh In On Travel + Leisure

A number of hedge funds have recently made changes to their positions in TNL. Norges Bank purchased a new position in shares of Travel + Leisure in the 4th quarter valued at $45,804,000. Algert Global LLC grew its holdings in Travel + Leisure by 168.9% during the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after purchasing an additional 200,549 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Travel + Leisure by 25.1% during the 4th quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company’s stock valued at $45,299,000 after purchasing an additional 180,059 shares in the last quarter. Invesco Ltd. grew its holdings in Travel + Leisure by 4.8% during the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock valued at $178,822,000 after purchasing an additional 163,804 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Travel + Leisure by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after purchasing an additional 138,153 shares in the last quarter. Hedge funds and other 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.