BidaskClub Lowers Travelport Worldwide Limited (TVPT) to Hold
BidaskClub downgraded shares of Travelport Worldwide Limited (NYSE:TVPT) from a buy rating to a hold rating in a report published on Friday.
TVPT has been the subject of several other research reports. ValuEngine raised Travelport Worldwide Limited from a hold rating to a buy rating in a research note on Friday, September 1st. Cowen and Company reissued an outperform rating and set a $16.00 price objective on shares of Travelport Worldwide Limited in a research note on Wednesday, June 28th. Finally, Zacks Investment Research lowered Travelport Worldwide Limited from a buy rating to a hold rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $15.38.
Travelport Worldwide Limited (NYSE TVPT) opened at 15.51 on Friday. Travelport Worldwide Limited has a 12-month low of $11.38 and a 12-month high of $15.93. The stock’s 50 day moving average price is $15.25 and its 200-day moving average price is $13.87. The firm has a market cap of $1.93 billion, a PE ratio of 18.55 and a beta of 0.61.
Travelport Worldwide Limited (NYSE:TVPT) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.26. The company had revenue of $612.10 million during the quarter, compared to analyst estimates of $618.27 million. Travelport Worldwide Limited had a negative return on equity of 50.52% and a net margin of 4.42%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. Equities research analysts anticipate that Travelport Worldwide Limited will post $1.37 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.93%. The ex-dividend date was Wednesday, September 6th. Travelport Worldwide Limited’s dividend payout ratio is 35.29%.
Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in Travelport Worldwide Limited during the first quarter valued at $117,000. SG Americas Securities LLC bought a new stake in Travelport Worldwide Limited during the second quarter worth about $136,000. Quantum Capital Management bought a new stake in Travelport Worldwide Limited during the second quarter worth about $148,000. Oppenheimer Asset Management Inc. bought a new stake in Travelport Worldwide Limited during the first quarter worth about $149,000. Finally, Trexquant Investment LP bought a new stake in Travelport Worldwide Limited during the first quarter worth about $193,000. 92.35% of the stock is owned by institutional investors.
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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