JPMorgan Chase & Co. Issues Positive Forecast for Travel + Leisure (NYSE:TNL) Stock Price

Travel + Leisure (NYSE:TNL - Get Free Report) had its price target raised by stock analysts at JPMorgan Chase & Co. from $56.00 to $63.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 18.53% from the stock's previous close.

A number of other brokerages have also recently commented on TNL. Barclays increased their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday. Stifel Nicolaus raised their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Truist Financial upped their price objective on Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Tigress Financial raised their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.50.

Travel + Leisure Trading Up 0.2 %

Shares of TNL stock traded up $0.09 during trading hours on Friday, hitting $53.15. The company's stock had a trading volume of 376,001 shares, compared to its average volume of 582,376. The company has a 50 day moving average of $50.99 and a 200 day moving average of $46.57. Travel + Leisure has a 12-month low of $37.99 and a 12-month high of $56.91. The stock has a market cap of $3.64 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.78 and a beta of 1.63.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 EPS. As a group, analysts anticipate that Travel + Leisure will post 5.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction that occurred 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 transaction, the director now directly owns 6,352 shares in the company, valued at approximately $269,832.96. This trade represents a 25.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Geoffrey Richards sold 5,009 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the sale, the insider now owns 125,209 shares of the company's stock, valued at $6,530,901.44. This trade represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,209 shares of company stock worth $4,940,022. 4.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TNL. Copeland Capital Management LLC grew its stake in shares of Travel + Leisure by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company's stock worth $71,584,000 after purchasing an additional 13,870 shares during the period. Dimensional Fund Advisors LP grew its position in Travel + Leisure by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company's stock worth $63,547,000 after buying an additional 57,587 shares during the period. Charles Schwab Investment Management Inc. grew its position in Travel + Leisure by 21.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company's stock worth $36,540,000 after buying an additional 138,153 shares during the period. LSV Asset Management lifted its position in shares of Travel + Leisure by 23.1% during the 2nd quarter. LSV Asset Management now owns 725,381 shares of the company's stock valued at $32,628,000 after acquiring an additional 136,281 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Travel + Leisure by 440.7% during the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company's stock valued at $27,624,000 after acquiring an additional 500,554 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

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.