Cowen and Company set a $19.00 price objective on Travelport Worldwide Limited (NYSE:TVPT) in a research report report published on Wednesday morning. The firm currently has a buy rating on the stock.
TVPT has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Travelport Worldwide Limited from a hold rating to a buy rating and set a $16.00 target price for the company in a research report on Thursday, August 10th. BidaskClub cut shares of Travelport Worldwide Limited from a strong-buy rating to a buy rating in a research report on Friday, August 4th. Finally, ValuEngine upgraded shares of Travelport Worldwide Limited from a hold rating to a buy rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $15.88.
Travelport Worldwide Limited (NYSE:TVPT) opened at $14.50 on Wednesday. The company has a market cap of $1,834.63, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 3.60 and a beta of 0.60. The company has a debt-to-equity ratio of -9.20, a quick ratio of 0.92 and a current ratio of 0.92.
Travelport Worldwide Limited (NYSE:TVPT) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The firm had revenue of $610.84 million for the quarter, compared to the consensus estimate of $611.03 million. Travelport Worldwide Limited had a net margin of 3.72% and a negative return on equity of 40.43%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. analysts forecast that Travelport Worldwide Limited will post 0.87 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, December 6th. Travelport Worldwide Limited’s payout ratio is currently 41.67%.
A number of institutional investors and hedge funds have recently made changes to their positions in TVPT. SG Americas Securities LLC acquired a new position in Travelport Worldwide Limited during the second quarter worth about $136,000. Quantum Capital Management acquired a new position in Travelport Worldwide Limited during the second quarter worth about $148,000. Oppenheimer Asset Management Inc. acquired a new position in Travelport Worldwide Limited during the first quarter worth about $149,000. Ameritas Investment Partners Inc. raised its position in Travelport Worldwide Limited by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 10,900 shares of the company’s stock worth $150,000 after acquiring an additional 918 shares during the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Travelport Worldwide Limited in the third quarter valued at approximately $163,000. Institutional investors own 93.13% of the company’s stock.
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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