Travelport Worldwide Limited (NYSE:TVPT) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday. Cowen and Company reissued an “outperform” rating and issued a $17.00 price target (up previously from $16.00) on shares of Travelport Worldwide Limited in a research note on Wednesday, August 9th. Finally, ValuEngine raised shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Three equities 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 stock. Travelport Worldwide Limited currently has an average rating of “Buy” and a consensus target price of $15.38.

Travelport Worldwide Limited (NYSE TVPT) opened at 14.25 on Friday. Travelport Worldwide Limited has a 12-month low of $11.38 and a 12-month high of $15.15. The stock has a market cap of $1.77 billion, a P/E ratio of 17.05 and a beta of 0.61. The stock has a 50 day moving average of $14.03 and a 200 day moving average of $13.35.

Travelport Worldwide Limited (NYSE:TVPT) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $612.10 million for the quarter, compared to analysts’ expectations of $618.27 million. During the same quarter last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Travelport Worldwide Limited will post $1.37 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/14/bidaskclub-upgrades-travelport-worldwide-limited-tvpt-to-strong-buy.html.

In other Travelport Worldwide Limited news, insider Antonios Basoukeas sold 6,895 shares of the firm’s stock in a transaction on 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.19% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Travelport Worldwide Limited during the first quarter worth $117,000. SG Americas Securities LLC purchased a new position in shares of Travelport Worldwide Limited during the second quarter worth $136,000. LSV Asset Management purchased a new position in shares of Travelport Worldwide Limited during the first quarter worth $147,000. Quantum Capital Management purchased a new position in shares of Travelport Worldwide Limited during the second quarter worth $148,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Travelport Worldwide Limited during the first quarter worth $149,000. Institutional investors own 96.82% 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).

Receive News & Stock Ratings for Travelport Worldwide Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelport Worldwide Limited and related stocks with our FREE daily email newsletter.