Brokerages Set Travel + Leisure Co. (NYSE:TNL) Target Price at $57.25

Shares of Travel + Leisure Co. (NYSE:TNL) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $57.25.

TNL has been the subject of a number of analyst reports. Tigress Financial lifted their price target on Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft cut their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Barclays lifted their price target on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their price target on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th.

Institutional Investors Weigh In On Travel + Leisure

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Michigan Retirement System raised its holdings in Travel + Leisure by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 17,807 shares of the company’s stock valued at $872,000 after acquiring an additional 400 shares during the period. Allworth Financial LP raised its holdings in Travel + Leisure by 147.5% during the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after acquiring an additional 416 shares during the period. QRG Capital Management Inc. raised its holdings in Travel + Leisure by 2.5% during the 2nd quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock valued at $810,000 after acquiring an additional 432 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Travel + Leisure by 1.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,068 shares of the company’s stock valued at $1,668,000 after acquiring an additional 445 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in Travel + Leisure by 2.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 20,800 shares of the company’s stock valued at $1,018,000 after acquiring an additional 500 shares during the period. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Trading Up 1.4 %

TNL stock opened at $41.45 on Monday. The stock has a 50-day moving average price of $44.70 and a 200-day moving average price of $44.57. Travel + Leisure has a 1-year low of $32.10 and a 1-year high of $49.91. The firm has a market cap of $2.89 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.57 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The business had revenue of $985.00 million during the quarter, compared to analyst estimates of $987.20 million. During the same period in the previous year, the company posted $1.33 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, analysts forecast that Travel + Leisure will post 5.61 earnings per share for the current year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 4.83%. Travel + Leisure’s payout ratio is 36.83%.

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.