Travel + Leisure (NYSE:TNL) Stock Rating Upgraded by Bank of America

Travel + Leisure (NYSE:TNL) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “buy” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm presently has a $60.00 price target on the stock, up from their prior price target of $40.00. Bank of America‘s price target indicates a potential upside of 9.91% from the stock’s previous close.

Several other equities analysts also recently issued reports on TNL. Tigress Financial upped their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Truist Financial upped their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays raised their price target on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.55.

Travel + Leisure Trading Up 0.5 %

Shares of NYSE:TNL opened at $54.59 on Monday. The firm has a 50 day simple moving average of $52.69 and a 200-day simple moving average of $48.33. Travel + Leisure has a twelve month low of $39.66 and a twelve month high of $56.91. The company has a market capitalization of $3.73 billion, a PE ratio of 9.27, a P/E/G ratio of 0.68 and a beta of 1.64.

Insider Activity at Travel + Leisure

In related news, insider Geoffrey Richards sold 4,607 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total transaction of $249,929.75. Following the transaction, the insider now owns 120,602 shares of the company’s stock, valued at $6,542,658.50. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 19,016 shares of company stock worth $1,042,863 over the last 90 days. Company insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. boosted its holdings in Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after buying an additional 526 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after acquiring an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after acquiring an additional 503 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Travel + Leisure in the 3rd quarter worth approximately $43,000. Finally, Capital Performance Advisors LLP purchased a new position in Travel + Leisure in the 3rd quarter valued at approximately $44,000. 87.54% of the stock is owned by institutional investors and hedge funds.

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.