Shares of Travelport Worldwide Ltd (NYSE:TVPT) have been given an average rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $19.55.
Several research analysts have commented on the company. ValuEngine downgraded Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Zacks Investment Research raised Travelport Worldwide from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, February 12th.
Hedge funds have recently bought and sold shares of the company. Investors Research Corp bought a new position in shares of Travelport Worldwide in the 1st quarter worth about $25,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Travelport Worldwide by 450.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,630 shares of the company’s stock worth $25,000 after acquiring an additional 1,334 shares in the last quarter. Tortoise Index Solutions LLC bought a new position in shares of Travelport Worldwide in the 1st quarter worth about $29,000. Resources Investment Advisors Inc. bought a new position in shares of Travelport Worldwide in the 4th quarter worth about $32,000. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Travelport Worldwide in the 4th quarter worth about $60,000. 98.69% of the stock is owned by hedge funds and other institutional investors.
TVPT traded down $0.02 during midday trading on Friday, hitting $15.13. 6,183,786 shares of the company were exchanged, compared to its average volume of 1,929,125. The company has a market capitalization of $1.90 billion, a PE ratio of 43.23 and a beta of 0.27. Travelport Worldwide has a 1-year low of $13.27 and a 1-year high of $20.30.
Travelport Worldwide (NYSE:TVPT) last announced its earnings results on Friday, February 22nd. The company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. The firm had revenue of $588.60 million for the quarter, compared to the consensus estimate of $580.47 million. Travelport Worldwide had a negative return on equity of 25.37% and a net margin of 1.35%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS.
About Travelport Worldwide
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, mobile, 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, such as airlines, hotel chains, and car rental companies with online and offline travel buyers in a business-to-business travel platform.
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