Travel + Leisure (NYSE:TNL) Downgraded by Zacks Investment Research to Sell

Travel + Leisure stock has undergone multiple analysts rating changes in the recent past.  Travel + Leisure Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of Travel + Leisure traded down -$0.13 on Tuesday, reaching $53.83. 0 shares of the stock traded hands, compared to its average volume of 600046. Shares of Travel + Leisure were trading at $53.83 on Tuesday. The firm’s 50 day moving average is $54.07 and its 200 day moving average is $57.09.Travel + Leisure has a 12 month low of $53.41 and a 12 month high of $68.26. While on yearly highs and lows, Travel + Leisure’s today has traded high as $54.40 and has touched $53.41 on the downward trend. See More Analyst Rating at: RATING

Travel + Leisure Earnings and What to expect: 

Travel + Leisure last released its quarterly earnings data on July 28th, 2021. The reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.15. The firm had revenue of $797 million for the quarter, compared to analyst estimates of $719.04 million. Travel + Leisure has generated ($0.94) earnings per share over the last year ($1.65 diluted earnings per share) and currently has a price-to-earnings ratio of 32.6. Earnings for Travel + Leisure are expected to grow by 44.04% in the coming year, from $3.27 to $4.71 per share. Travel + Leisure has confirmed that its next quarterly earnings report will be published on Wednesday, October 27th, 2021. Travel + Leisure will be holding an earnings conference call on Wednesday, October 27th at 8:30 AM Eastern. Interested parties can or dial in at 800-695-1564.

Earnings for Travel + Leisure are expected to grow by 44.04% in the coming year, from $3.27 to $4.71 per share. The P/E ratio of Travel + Leisure is 32.62, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.77. The P/E ratio of Travel + Leisure is 32.62, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 21.63.

Travel + Leisure (NYSE:TNL) Moving Average Technical Analysis

5 day Moving Average is $54.40 And 5 day price change is -$1.67 (-3.01%)  with average volume for 5 day average is 620,140. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $56.03 and 20 day price change is -$2.26 (-4.03%) and average 20 day moving volume is 646,800. 50 day moving average is $54.07  and 50 day price change is $2.64 ( 5.16%)  and with average volume for 50 days is : 620,192. 200 day moving average is $57.09  and 200 day price change is $10.82 (25.16%)  and with average volume for 200 days is : 646,411.

Other owners latest trading in Travel + Leisure :

  • On 10/12/2021 shares held by Wesbanco Bank Inc. were 11,538 which equates to market value of $0.63M and appx 0.00% owners of Travel + Leisure
  • On 10/12/2021 shares held by Louisiana State Employees Retirement System were 22,000 which equates to market value of $1.20M and appx 0.00% owners of Travel + Leisure
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 415,038 which equates to market value of $24.67M and appx 0.00% owners of Travel + Leisure
  • In total Institutional ownership equates to Institutional Ownership Percentage: 87.32% for Travel + Leisure

See More Analyst Rating at: RATING