Imperial Capital started coverage on shares of Travelport (NYSE:TVPT) in a report published on Thursday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $21.00 price objective on the stock.
Other analysts have also recently issued research reports about the stock. Deutsche Bank increased their price target on shares of Travelport from $16.00 to $21.00 and gave the stock a buy rating in a research report on Tuesday, March 27th. UBS reaffirmed a neutral rating and issued a $15.00 target price (up previously from $14.00) on shares of Travelport in a report on Wednesday, February 21st. Zacks Investment Research cut shares of Travelport from a hold rating to a strong sell rating in a report on Thursday, March 1st. Evercore ISI cut shares of Travelport from an outperform rating to an underperform rating in a report on Friday, January 5th. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $14.50 target price (down previously from $15.00) on shares of Travelport in a report on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Travelport presently has an average rating of Hold and a consensus price target of $17.75.
Shares of TVPT traded up $0.03 during mid-day trading on Thursday, hitting $17.36. 176,516 shares of the company’s stock were exchanged, compared to its average volume of 2,239,301. The stock has a market capitalization of $2,165.90, a PE ratio of 18.44 and a beta of 0.26. Travelport has a fifty-two week low of $12.10 and a fifty-two week high of $17.65. The company has a debt-to-equity ratio of -11.26, a quick ratio of 0.68 and a current ratio of 0.68.
Travelport (NYSE:TVPT) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.34. The business had revenue of $573.57 million for the quarter, compared to analysts’ expectations of $566.92 million. Travelport had a net margin of 5.82% and a negative return on equity of 49.43%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. sell-side analysts predict that Travelport will post 0.48 earnings per share for the current year.
In other news, CEO Gordon A. Wilson bought 6,900 shares of Travelport stock in a transaction that occurred on Tuesday, March 20th. The shares were purchased at an average price of $14.42 per share, with a total value of $99,498.00. Following the completion of the acquisition, the chief executive officer now directly owns 19,224 shares in the company, valued at $277,210.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas M. Steenland sold 128,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $16.30, for a total transaction of $2,086,400.00. Following the completion of the sale, the director now directly owns 107,677 shares in the company, valued at approximately $1,755,135.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 326,684 shares of company stock worth $5,316,551. 1.19% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in TVPT. Public Employees Retirement Association of Colorado purchased a new position in Travelport in the fourth quarter valued at approximately $129,000. Jefferies Group LLC purchased a new position in Travelport in the fourth quarter valued at approximately $197,000. Macquarie Group Ltd. increased its stake in Travelport by 256.8% in the fourth quarter. Macquarie Group Ltd. now owns 15,700 shares of the company’s stock valued at $205,000 after purchasing an additional 11,300 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in Travelport in the fourth quarter valued at approximately $216,000. Finally, AMP Capital Investors Ltd purchased a new position in Travelport in the fourth quarter valued at approximately $217,000. Institutional investors own 97.89% of the company’s stock.
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Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, and other solutions for the travel and tourism industry in the United States, the United Kingdom, and internationally. It facilitates travel commerce by connecting travel providers with online and offline travel buyers in a business-to-business travel platform.
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