JMP Securities Initiates Coverage on Travel + Leisure (NYSE:TNL)

Equities researchers at JMP Securities initiated coverage on shares of Travel + Leisure (NYSE:TNLGet Free Report) in a note issued to investors on Tuesday, Briefing.com reports. The firm set an “outperform” rating and a $50.00 price target on the stock. JMP Securities’ target price would suggest a potential upside of 18.62% from the company’s current price.

TNL has been the subject of a number of other research reports. Barclays dropped their price target on Travel + Leisure from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. TheStreet cut Travel + Leisure from a “b-” rating to a “c+” rating in a research report on Monday, October 23rd. Tigress Financial raised their price target on Travel + Leisure from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, November 13th. Truist Financial dropped their price target on Travel + Leisure from $66.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Finally, Jefferies Financial Group upgraded Travel + Leisure from a “hold” rating to a “buy” rating and raised their price target for the company from $37.00 to $57.00 in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.63.

Read Our Latest Research Report on Travel + Leisure

Travel + Leisure Stock Performance

NYSE:TNL opened at $42.15 on Tuesday. The stock has a fifty day moving average price of $39.73 and a two-hundred day moving average price of $38.12. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.95 and a beta of 1.61. Travel + Leisure has a 1 year low of $32.10 and a 1 year high of $43.86.

Institutional Trading of Travel + Leisure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC increased its position in Travel + Leisure by 3.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 6,652 shares of the company’s stock worth $385,000 after purchasing an additional 235 shares in the last quarter. LPL Financial LLC boosted its stake in Travel + Leisure by 0.7% in the 2nd quarter. LPL Financial LLC now owns 34,634 shares of the company’s stock worth $1,344,000 after buying an additional 236 shares during the last quarter. Prudential Financial Inc. boosted its stake in Travel + Leisure by 3.8% in the 1st quarter. Prudential Financial Inc. now owns 7,157 shares of the company’s stock worth $414,000 after buying an additional 259 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Travel + Leisure by 0.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,884 shares of the company’s stock worth $1,488,000 after buying an additional 275 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in Travel + Leisure by 23.6% in the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock worth $57,000 after buying an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

About Travel + Leisure

(Get Free Report)

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, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.

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Analyst Recommendations for Travel + Leisure (NYSE:TNL)

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