JPMorgan Chase & Co. Boosts Travel + Leisure (NYSE:TNL) Price Target to $63.00

Travel + Leisure (NYSE:TNL) had its price target lifted by research analysts at JPMorgan Chase & Co. from $56.00 to $63.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 18.53% from the stock’s current price.

Several other analysts also recently issued reports on TNL. Stifel Nicolaus boosted their price target on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays upped their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Tigress Financial boosted their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. Truist Financial raised their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group boosted their price target on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.50.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $53.15 on Friday. The business has a fifty day simple moving average of $51.12 and a two-hundred day simple moving average of $46.65. Travel + Leisure has a 1 year low of $37.99 and a 1 year high of $56.91. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 0.77 and a beta of 1.63.

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

Insider Activity

In other news, insider Geoffrey Richards sold 5,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total value of $261,269.44. Following the sale, the insider now directly owns 125,209 shares in the company, valued at approximately $6,530,901.44. This trade represents a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Herrera sold 2,193 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the transaction, the director now owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. This represents a 25.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,209 shares of company stock worth $4,940,022. Insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

A number of hedge funds and other institutional investors have recently modified their holdings of TNL. UMB Bank n.a. boosted its holdings in shares of Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 526 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after purchasing an additional 607 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Travel + Leisure during the second quarter worth about $31,000. Larson Financial Group LLC acquired a new position in shares of Travel + Leisure in the second quarter valued at approximately $36,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Travel + Leisure in the 2nd quarter valued at approximately $38,000. 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.