Travelport Worldwide Limited (NYSE:TVPT) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.
TVPT has been the topic of several other research reports. ValuEngine upgraded Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Cowen and Company set a $16.00 target price on Travelport Worldwide Limited and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $15.38.
Travelport Worldwide Limited (NYSE:TVPT) opened at 14.25 on Friday. Travelport Worldwide Limited has a 52 week low of $11.38 and a 52 week high of $15.15. The company has a market cap of $1.77 billion, a PE ratio of 17.05 and a beta of 0.61. The company has a 50-day moving average of $14.03 and a 200-day moving average of $13.35.
Travelport Worldwide Limited (NYSE:TVPT) last posted its earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.26. Travelport Worldwide Limited had a negative return on equity of 50.52% and a net margin of 4.42%. The company had revenue of $612.10 million for the quarter, compared to analyst estimates of $618.27 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities analysts expect that Travelport Worldwide Limited will post $1.37 EPS for the current year.
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In other Travelport Worldwide Limited news, insider Antonios Basoukeas sold 6,895 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $13.72, for a total value of $94,599.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.19% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of TVPT. Ameritas Investment Partners Inc. acquired a new stake in shares of Travelport Worldwide Limited during the first quarter valued at $117,000. SG Americas Securities LLC acquired a new stake in shares of Travelport Worldwide Limited during the second quarter valued at $136,000. LSV Asset Management acquired a new stake in shares of Travelport Worldwide Limited during the first quarter valued at $147,000. Quantum Capital Management acquired a new stake in shares of Travelport Worldwide Limited during the second quarter valued at $148,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Travelport Worldwide Limited during the first quarter valued at $149,000. 96.82% of the stock is owned by institutional investors and hedge funds.
Travelport Worldwide Limited Company Profile
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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