Travel + Leisure Co. (NYSE:TNL – Get Free Report) shares reached a brand new 52-week excessive throughout mid-day buying and selling on Thursday following a greater than anticipated earnings announcement. The inventory traded as excessive as $46.13 and final traded at $46.05, with a quantity of 300165 shares buying and selling fingers. The inventory had beforehand closed at $43.64.

The firm reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.61. The firm had income of $935.00 million for the quarter, in comparison with the consensus estimate of $946.56 million. Travel + Leisure had a web margin of 9.64% and a detrimental return on fairness of 39.90%. Travel + Leisure’s income for the quarter was up 4.0% on a year-over-year foundation. During the identical interval final 12 months, the agency posted $1.30 EPS.

Wall Street Analyst Weigh In

Quite a lot of analysis corporations have not too long ago weighed in on TNL. JMP Securities started protection on shares of Travel + Leisure in a analysis report on Tuesday, February thirteenth. They issued an “outperform” score and a $50.00 worth goal for the corporate. Barclays upped their goal worth on shares of Travel + Leisure from $37.00 to $44.00 and gave the corporate an “equal weight” score in a analysis notice on Thursday. Jefferies Financial Group raised shares of Travel + Leisure from a “hold” score to a “buy” score and elevated their goal worth for the inventory from $37.00 to $57.00 in a report on Tuesday, January 2nd. Truist Financial decreased their goal worth on shares of Travel + Leisure from $66.00 to $59.00 and set a “buy” score for the corporate in a analysis report on Wednesday, November fifteenth. Finally, Tigress Financial raised their worth goal on shares of Travel + Leisure from $52.00 to $54.00 and gave the corporate a “buy” score in a analysis report on Monday, November thirteenth. Two analysis analysts have rated the inventory with a promote score, one has assigned a maintain score and 4 have assigned a purchase score to the corporate. According to MarketBeat, the corporate presently has a consensus score of “Hold” and a mean worth goal of $50.50.

Check Out Our Latest Research Report on Travel + Leisure

Hedge Funds Weigh In On Travel + Leisure

Several hedge funds and different institutional traders have not too long ago added to or decreased their stakes in TNL. Vanguard Group Inc. grew its holdings in Travel + Leisure by 4.6% throughout the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the corporate’s inventory valued at $419,136,000 after buying a further 466,640 shares over the last quarter. BlackRock Inc. grew its holdings in Travel + Leisure by 13.9% throughout the first quarter. BlackRock Inc. now owns 9,806,796 shares of the corporate’s inventory valued at $568,206,000 after buying a further 1,197,611 shares over the last quarter. Invesco Ltd. grew its holdings in Travel + Leisure by 11.8% throughout the first quarter. Invesco Ltd. now owns 6,057,641 shares of the corporate’s inventory valued at $350,980,000 after buying a further 636,968 shares over the last quarter. State Street Corp grew its holdings in Travel + Leisure by 3.0% throughout the second quarter. State Street Corp now owns 2,515,891 shares of the corporate’s inventory valued at $97,667,000 after buying a further 74,254 shares over the last quarter. Finally, AQR Capital Management LLC grew its holdings in Travel + Leisure by 34.7% throughout the third quarter. AQR Capital Management LLC now owns 1,737,814 shares of the corporate’s inventory valued at $63,830,000 after buying a further 447,938 shares over the last quarter. Institutional traders personal 87.06% of the corporate’s inventory.

Travel + Leisure Price Performance

The agency’s 50 day shifting common worth is $40.31 and its 200-day shifting common worth is $38.25. The agency has a market cap of $3.31 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 0.95 and a beta of 1.61.

Travel + Leisure Company Profile

(Get Free Report)

Travel + Leisure Co, along with its subsidiaries, gives hospitality companies and merchandise within the United States and internationally. The firm operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership phase develops, markets, and sells trip possession pursuits (VOIs) to particular person shoppers, in addition to gives shopper financing in reference to the sale of VOIs; and property administration companies at resorts.

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