Travel + Leisure (NYSE:TNL) PT Raised to $63.00 at JPMorgan Chase & Co.

Travel + Leisure (NYSE:TNL) had its price target upped by JPMorgan Chase & Co. from $53.00 to $63.00 in a research note issued to investors on Friday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

TNL has been the subject of a number of other research reports. Barclays lifted their price objective 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. Mizuho assumed coverage on Travel + Leisure in a research note on Tuesday, March 26th. They set a neutral rating and a $55.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $56.00.

Travel + Leisure Stock Up 0.9 %

TNL opened at $48.50 on Friday. The stock has a market cap of $3.46 billion, a PE ratio of 8.93, a PEG ratio of 2.71 and a beta of 1.63. The business has a 50 day moving average of $44.78 and a 200-day moving average of $44.05. Travel + Leisure has a 52 week low of $32.10 and a 52 week high of $49.91.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $916.00 million during the quarter, compared to analysts’ expectations of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. Equities analysts anticipate that Travel + Leisure will post 5.53 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 4.12%. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its position in Travel + Leisure by 10.8% during the second quarter. Nisa Investment Advisors LLC now owns 55,355 shares of the company’s stock valued at $2,490,000 after purchasing an additional 5,400 shares in the last quarter. Raymond James & Associates lifted its position in Travel + Leisure by 6.7% during the second quarter. Raymond James & Associates now owns 36,944 shares of the company’s stock valued at $1,662,000 after purchasing an additional 2,326 shares in the last quarter. TCW Group Inc. lifted its position in Travel + Leisure by 16.8% during the second quarter. TCW Group Inc. now owns 427,958 shares of the company’s stock valued at $19,250,000 after purchasing an additional 61,443 shares in the last quarter. Diversified Trust Co lifted its position in Travel + Leisure by 37.0% during the second quarter. Diversified Trust Co now owns 16,104 shares of the company’s stock valued at $724,000 after purchasing an additional 4,348 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Travel + Leisure by 231.4% in the second quarter. SG Americas Securities LLC now owns 12,111 shares of the company’s stock valued at $545,000 after acquiring an additional 8,457 shares in the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

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.