Travelport Worldwide Ltd (NYSE:TVPT) has received an average recommendation of “Hold” from the four research firms that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $15.50.
A number of research firms recently issued reports on TVPT. William Blair lowered Travelport Worldwide from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 22nd. Morgan Stanley downgraded Travelport Worldwide from an “overweight” rating to an “equal weight” rating and set a $15.50 price target for the company. in a report on Monday, January 23rd. Finally, Zacks Investment Research downgraded Travelport Worldwide from a “hold” rating to a “strong sell” rating in a report on Thursday, March 2nd.
Shares of Travelport Worldwide (NYSE:TVPT) traded down 0.08% on Friday, hitting $12.97. The stock had a trading volume of 1,135,517 shares. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 99.77 and a beta of 0.71. The stock has a 50 day moving average price of $12.05 and a 200-day moving average price of $13.48. Travelport Worldwide has a 12-month low of $11.28 and a 12-month high of $15.15.
Travelport Worldwide (NYSE:TVPT) last posted its earnings results on Tuesday, February 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Travelport Worldwide had a negative return on equity of 41.10% and a net margin of 1.18%. The firm had revenue of $545.43 million for the quarter, compared to analyst estimates of $552.46 million. During the same quarter in the prior year, the company earned $0.22 EPS. Travelport Worldwide’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that Travelport Worldwide will post $1.34 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in Travelport Worldwide by 1.7% in the third quarter. Rhumbline Advisers now owns 122,519 shares of the company’s stock worth $1,841,000 after buying an additional 2,025 shares during the last quarter. Teachers Advisors LLC raised its stake in Travelport Worldwide by 6.0% in the third quarter. Teachers Advisors LLC now owns 972,203 shares of the company’s stock valued at $14,612,000 after buying an additional 55,263 shares during the period. BlackRock Fund Advisors raised its stake in Travelport Worldwide by 7.1% in the third quarter. BlackRock Fund Advisors now owns 3,001,624 shares of the company’s stock valued at $45,114,000 after buying an additional 198,059 shares during the period. BlackRock Inc. raised its stake in Travelport Worldwide by 4.4% in the third quarter. BlackRock Inc. now owns 22,666 shares of the company’s stock valued at $340,000 after buying an additional 962 shares during the period. Finally, BlackRock Investment Management LLC raised its stake in Travelport Worldwide by 1.2% in the third quarter. BlackRock Investment Management LLC now owns 450,589 shares of the company’s stock valued at $6,772,000 after buying an additional 5,253 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.
About Travelport Worldwide
Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment, mobile and other solutions for the travel and tourism industry. The Company connects travel providers, such as airlines and hotel chains with online and offline travel agencies and other travel buyers in its business-to-business (B2B) travel commerce platform (its Travel Commerce Platform).
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