Shares of Travelport Worldwide Ltd (NYSE:TVPT) have been given an average recommendation of “Hold” by the four analysts that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.50.
A number of analysts have recently commented on the stock. William Blair lowered shares of Travelport Worldwide from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 22nd. Morgan Stanley lowered shares of Travelport Worldwide from an “overweight” rating to an “equal weight” rating and set a $15.50 price objective on the stock. in a research report on Monday, January 23rd. Finally, Zacks Investment Research lowered shares of Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 2nd.
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Several institutional investors have recently added to or reduced their stakes in TVPT. Acrospire Investment Management LLC boosted its position in Travelport Worldwide by 11.5% in the third quarter. Acrospire Investment Management LLC now owns 9,733 shares of the company’s stock worth $146,000 after buying an additional 1,000 shares during the period. New York State Teachers Retirement System bought a new position in Travelport Worldwide during the fourth quarter worth approximately $144,000. Russell Investments Group Ltd. bought a new position in Travelport Worldwide during the fourth quarter worth approximately $152,000. LSV Asset Management bought a new position in Travelport Worldwide during the first quarter worth approximately $147,000. Finally, Eqis Capital Management Inc. boosted its position in Travelport Worldwide by 1.8% in the third quarter. Eqis Capital Management Inc. now owns 13,506 shares of the company’s stock worth $203,000 after buying an additional 238 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.
Shares of Travelport Worldwide (NYSE:TVPT) opened at 13.27 on Friday. Travelport Worldwide has a 1-year low of $11.28 and a 1-year high of $15.15. The firm has a 50-day moving average price of $12.38 and a 200-day moving average price of $13.39. The firm has a market capitalization of $1.65 billion, a PE ratio of 102.08 and a beta of 0.71.
Travelport Worldwide (NYSE:TVPT) last announced its quarterly earnings results on Tuesday, February 21st. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. Travelport Worldwide had a net margin of 1.18% and a negative return on equity of 41.10%. 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 previous year, the firm posted $0.22 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. On average, analysts forecast that Travelport Worldwide will post $1.34 EPS for the current fiscal year.
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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