Morgan Stanley set a $16.00 price objective on Travelport Worldwide (NYSE:TVPT) in a research report released on Friday morning. The firm currently has a hold rating on the stock.
Other analysts have also recently issued reports about the company. Cowen set a $23.00 target price on Travelport Worldwide and gave the company a buy rating in a research report on Thursday, August 2nd. ValuEngine cut Travelport Worldwide from a buy rating to a hold rating in a research report on Thursday, November 1st. Imperial Capital reissued an outperform rating and issued a $20.00 target price (down from $25.00) on shares of Travelport Worldwide in a research report on Friday. Zacks Investment Research cut Travelport Worldwide from a hold rating to a sell rating in a research report on Thursday, August 9th. Finally, Bank of America cut Travelport Worldwide from a neutral rating to an underperform rating in a research report on Friday, August 3rd. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $19.80.
TVPT opened at $15.43 on Friday. Travelport Worldwide has a one year low of $12.10 and a one year high of $20.30. The stock has a market capitalization of $1.81 billion, a PE ratio of 16.41 and a beta of 0.42.
Travelport Worldwide (NYSE:TVPT) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.43. Travelport Worldwide had a negative return on equity of 43.41% and a net margin of 4.60%. The business had revenue of $622.60 million for the quarter, compared to the consensus estimate of $634.46 million. During the same quarter in the prior year, the business posted $0.18 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Travelport Worldwide will post 0.26 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, December 5th. This represents a $0.30 dividend on an annualized basis and a yield of 1.94%. Travelport Worldwide’s payout ratio is 31.91%.
In other Travelport Worldwide news, insider Matthew Minetola sold 2,508 shares of the stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $15.50, for a total transaction of $38,874.00. Following the completion of the sale, the insider now directly owns 37,004 shares of the company’s stock, valued at approximately $573,562. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.32% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ acquired a new stake in Travelport Worldwide during the 3rd quarter worth approximately $20,663,000. Acadian Asset Management LLC lifted its holdings in shares of Travelport Worldwide by 69.1% in the 3rd quarter. Acadian Asset Management LLC now owns 501,874 shares of the company’s stock valued at $8,468,000 after buying an additional 205,090 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Travelport Worldwide by 30.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,351,372 shares of the company’s stock valued at $39,668,000 after buying an additional 545,113 shares during the period. First Hawaiian Bank acquired a new stake in shares of Travelport Worldwide in the 3rd quarter valued at approximately $374,000. Finally, Bank of Montreal Can lifted its holdings in shares of Travelport Worldwide by 55.8% in the 3rd quarter. Bank of Montreal Can now owns 276,448 shares of the company’s stock valued at $4,664,000 after buying an additional 99,050 shares during the period. 92.42% of the stock is owned by institutional investors.
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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