TNL

Jefferies Maintains Travel+Leisure (TNL) Hold Recommendation

Fintel reports that on October 5, 2023, Jefferies maintained coverage of Travel+Leisure (NYSE:TNL) with a Hold recommendation.

Analyst Price Forecast Suggests 51.46% Upside

As of October 5, 2023, the average one-year price target for Travel+Leisure is 52.78. The forecasts range from a low of 38.38 to a high of $69.30. The average price target represents an increase of 51.46% from its latest reported closing price of 34.85.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Travel+Leisure is 3,809MM, an increase of 3.93%. The projected annual non-GAAP EPS is 5.17.

What is the Fund Sentiment?

There are 733 funds or institutions reporting positions in Travel+Leisure. This is a decrease of 12 owner(s) or 1.61% in the last quarter. Average portfolio weight of all funds dedicated to TNL is 0.17%, an increase of 3.00%. Total shares owned by institutions decreased in the last three months by 3.98% to 73,289K shares. TNL / Travel+Leisure Co Put/Call Ratios The put/call ratio of TNL is 0.45, indicating a bullish outlook.

What are Other Shareholders Doing?

TNL / Travel+Leisure Co Shares Held by Institutions

Gmt Capital holds 4,371K shares representing 5.91% ownership of the company. In it's prior filing, the firm reported owning 4,308K shares, representing an increase of 1.44%. The firm increased its portfolio allocation in TNL by 0.66% over the last quarter.

Invesco holds 3,041K shares representing 4.11% ownership of the company. In it's prior filing, the firm reported owning 3,253K shares, representing a decrease of 6.96%. The firm increased its portfolio allocation in TNL by 876.81% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 2,314K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 2,508K shares, representing a decrease of 8.34%. The firm decreased its portfolio allocation in TNL by 9.02% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,288K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 2,280K shares, representing an increase of 0.33%. The firm decreased its portfolio allocation in TNL by 4.74% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,871K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 1,928K shares, representing a decrease of 3.03%. The firm decreased its portfolio allocation in TNL by 4.97% over the last quarter.

Travel+Leisure Background Information
(This description is provided by the company.)

Travel + Leisure Co. is the world’s leading membership and leisure travel company, with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands. The company provides outstanding vacation experiences and travel inspiration to millions of owners, members, and subscribers every year through its products and services: Wyndham Destinations, the largest vacation ownership company with more than 245 vacation club resort locations across the globe; Panorama, the world’s foremost membership travel business that includes the largest vacation exchange company, industry-leading travel technology, and subscription travel brands; and Travel + Leisure Group, featuring top online and print travel content, online booking platforms and travel clubs, and branded consumer products. At Travel + Leisure Co., our global team of associates brings hospitality to millions, turning vacation inspiration into exceptional travel experiences.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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