Travelport Worldwide (NYSE:TVPT) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Travelport Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Bank of America lowered Travelport Worldwide from a “neutral” rating to an “underperform” rating in a research note on Friday, August 3rd. Cowen set a $23.00 price objective on Travelport Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Morgan Stanley lifted their price objective on Travelport Worldwide from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, August 3rd. Finally, Imperial Capital lifted their price objective on Travelport Worldwide from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. Four analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $19.80.
Shares of TVPT stock opened at $14.33 on Thursday. The stock has a market cap of $1.87 billion, a PE ratio of 15.24 and a beta of 0.25. Travelport Worldwide has a 12 month low of $12.10 and a 12 month high of $20.30.
Travelport Worldwide (NYSE:TVPT) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.43. The company had revenue of $622.60 million for the quarter, compared to analyst estimates of $634.46 million. Travelport Worldwide had a negative return on equity of 36.75% and a net margin of 4.61%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 earnings per share. Sell-side analysts anticipate that Travelport Worldwide will post 0.26 EPS for the current fiscal year.
In other Travelport Worldwide news, insider Matthew Minetola sold 2,508 shares of Travelport Worldwide stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $15.50, for a total value of $38,874.00. Following the completion of the sale, the insider now directly owns 37,004 shares in the company, valued at $573,562. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.32% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fort L.P. bought a new stake in shares of Travelport Worldwide during the second quarter valued at approximately $122,000. Itau Unibanco Holding S.A. bought a new stake in shares of Travelport Worldwide during the second quarter valued at approximately $129,000. Moneta Group Investment Advisors LLC bought a new stake in shares of Travelport Worldwide during the second quarter valued at approximately $168,000. Flinton Capital Management LLC increased its holdings in shares of Travelport Worldwide by 48.6% during the second quarter. Flinton Capital Management LLC now owns 9,200 shares of the company’s stock valued at $171,000 after acquiring an additional 3,008 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Travelport Worldwide during the second quarter valued at approximately $220,000. Hedge funds and other institutional investors own 92.25% of the company’s stock.
Travelport Worldwide Company Profile
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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