Travelport Worldwide (TVPT) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Travelport Worldwide (NYSE:TVPT) from a hold rating to a buy rating in a report published on Tuesday morning. Zacks Investment Research currently has $18.00 target price on the stock.

According to Zacks, “Travelport Worldwide Limited is a Travel Commerce Platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. Its Travel Commerce Platform enables travel providers, travel agencies, corporations and developers to connect. Through its Technology Services it provides critical IT solutions to airlines, such as shopping, ticketing and departure control applications. The Company also provides an array of additional services, such as advertising solutions, subscription services, business intelligence data services, and marketing-oriented analytical tools to travel providers, travel agencies and other travel data users. Travelport Worldwide Limited is based in Atlanta, Georgia. “

Other equities analysts have also issued research reports about the company. Imperial Capital lowered Travelport Worldwide to a hold rating and cut their price target for the company from $20.00 to $16.00 in a research note on Monday, December 10th. ValuEngine lowered Travelport Worldwide from a buy rating to a hold rating in a research note on Thursday, November 1st. Finally, Morgan Stanley set a $16.00 price target on Travelport Worldwide and gave the company a hold rating in a research note on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $18.79.

Shares of Travelport Worldwide stock opened at $15.76 on Tuesday. The firm has a market cap of $1.98 billion, a PE ratio of 16.77 and a beta of 0.28. Travelport Worldwide has a 12 month low of $12.57 and a 12 month high of $20.30.

A number of institutional investors and hedge funds have recently bought and sold shares of TVPT. Resources Investment Advisors Inc. purchased a new position in Travelport Worldwide in the fourth quarter valued at about $32,000. Oregon Public Employees Retirement Fund purchased a new position in Travelport Worldwide in the fourth quarter valued at about $50,000. NumerixS Investment Technologies Inc purchased a new position in Travelport Worldwide in the fourth quarter valued at about $60,000. Howe & Rusling Inc. grew its stake in Travelport Worldwide by 141.6% in the third quarter. Howe & Rusling Inc. now owns 10,797 shares of the company’s stock valued at $182,000 after purchasing an additional 6,328 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Travelport Worldwide in the fourth quarter valued at about $187,000. Institutional investors own 95.72% of the company’s stock.

About Travelport Worldwide

Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, 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 with online and offline travel buyers in a business-to-business travel platform.

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