Travelport Worldwide Limited (NYSE:TVPT) Rating Increased to Buy at Zacks Investment Research
Travelport Worldwide Limited (NYSE:TVPT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage presently has a $16.00 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.28% from the stock’s current price.
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 research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Cowen and Company set a $16.00 target price on shares of Travelport Worldwide Limited and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Travelport Worldwide Limited presently has an average rating of “Buy” and a consensus price target of $15.38.
Travelport Worldwide Limited (NYSE TVPT) opened at 14.25 on Thursday. The stock has a 50 day moving average of $13.98 and a 200 day moving average of $13.34. Travelport Worldwide Limited has a 1-year low of $11.38 and a 1-year high of $15.15. The stock has a market cap of $1.77 billion, a P/E ratio of 31.60 and a beta of 0.61.
Travelport Worldwide Limited (NYSE:TVPT) last released its earnings results on Thursday, August 3rd. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.26. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. The company had revenue of $612.10 million for the quarter, compared to analysts’ expectations of $618.27 million. During the same quarter last year, the business earned $0.28 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Equities analysts anticipate that Travelport Worldwide Limited will post $1.36 EPS for the current fiscal year.
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In other Travelport Worldwide Limited news, insider Antonios Basoukeas sold 6,895 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $13.72, for a total transaction of $94,599.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.19% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new stake in shares of Travelport Worldwide Limited during the first quarter worth about $117,000. SG Americas Securities LLC acquired a new position in Travelport Worldwide Limited during the second quarter worth $136,000. LSV Asset Management acquired a new position in Travelport Worldwide Limited during the first quarter worth $147,000. Oppenheimer Asset Management Inc. acquired a new position in Travelport Worldwide Limited during the first quarter worth $149,000. Finally, Russell Investments Group Ltd. acquired a new position in Travelport Worldwide Limited during the fourth quarter worth $152,000. 96.82% of the stock is owned by institutional investors and hedge funds.
About Travelport Worldwide Limited
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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