Travelport Worldwide Limited (TVPT) Downgraded by BidaskClub
Travelport Worldwide Limited (NYSE:TVPT) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
Several other research firms have also commented on TVPT. Cowen and Company set a $19.00 price objective on Travelport Worldwide Limited and gave the company a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research lowered Travelport Worldwide Limited from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, ValuEngine raised Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.88.
Travelport Worldwide Limited (NYSE:TVPT) opened at $13.54 on Tuesday. Travelport Worldwide Limited has a fifty-two week low of $11.38 and a fifty-two week high of $16.17. The firm has a market capitalization of $1,731.87, a price-to-earnings ratio of 15.02, a P/E/G ratio of 4.28 and a beta of 0.60. The company has a debt-to-equity ratio of -9.42, a current ratio of 0.81 and a quick ratio of 0.81.
Travelport Worldwide Limited (NYSE:TVPT) last issued its earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. Travelport Worldwide Limited had a negative return on equity of 42.32% and a net margin of 3.72%. The firm had revenue of $610.84 million for the quarter, compared to analysts’ expectations of $611.03 million. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities analysts forecast that Travelport Worldwide Limited will post 0.77 EPS for the current fiscal year.
In other Travelport Worldwide Limited news, insider Antonios Basoukeas sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $14.50, for a total value of $217,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.19% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in TVPT. SG Americas Securities LLC purchased a new stake in shares of Travelport Worldwide Limited during the second quarter worth about $136,000. Quantum Capital Management purchased a new stake in shares of Travelport Worldwide Limited during the second quarter worth about $148,000. Ameritas Investment Partners Inc. increased its position in shares of 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. Teacher Retirement System of Texas purchased a new stake in shares of Travelport Worldwide Limited during the third quarter worth about $161,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of Travelport Worldwide Limited during the third quarter worth about $163,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.
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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