Travelport Worldwide (TVPT) Upgraded to Hold by Zacks Investment Research
Travelport Worldwide (NYSE:TVPT) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Saturday.
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. “
Several other analysts also recently issued reports on the company. BidaskClub downgraded Travelport Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Evercore ISI downgraded Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research note on Friday. ValuEngine downgraded Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Cowen set a $19.00 price target on Travelport Worldwide and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Travelport Worldwide presently has a consensus rating of “Hold” and a consensus target price of $15.88.
Travelport Worldwide (NYSE TVPT) traded up $0.32 on Friday, hitting $12.96. The stock had a trading volume of 1,528,570 shares, compared to its average volume of 1,899,600. The company has a market cap of $1,620.00, a P/E ratio of 18.00, a PEG ratio of 3.82 and a beta of 0.49. Travelport Worldwide has a 52 week low of $11.38 and a 52 week high of $16.17. The company has a debt-to-equity ratio of -9.42, a quick ratio of 0.81 and a current ratio of 0.81.
Travelport Worldwide (NYSE:TVPT) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.08. The company had revenue of $610.84 million during the quarter, compared to the consensus estimate of $611.03 million. Travelport Worldwide had a negative return on equity of 42.32% and a net margin of 3.72%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 EPS. research analysts predict that Travelport Worldwide will post 0.77 EPS for the current year.
In related news, insider Antonios Basoukeas sold 15,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $14.50, for a total transaction of $217,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew Minetola sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $12.86, for a total value of $154,320.00. Following the sale, the insider now owns 33,402 shares of the company’s stock, valued at approximately $429,549.72. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.
A number of large investors have recently made changes to their positions in TVPT. Zions Bancorporation bought a new stake in Travelport Worldwide during the 3rd quarter valued at approximately $135,000. SG Americas Securities LLC bought a new stake in Travelport Worldwide during the 2nd quarter valued at approximately $136,000. Quantum Capital Management bought a new stake in Travelport Worldwide during the 2nd quarter valued at approximately $148,000. Ameritas Investment Partners Inc. boosted its stake in Travelport Worldwide by 9.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,900 shares of the company’s stock valued at $150,000 after purchasing an additional 918 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in Travelport Worldwide during the 3rd quarter valued at approximately $161,000. Hedge funds and other institutional investors own 92.25% of the company’s stock.
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Travelport Worldwide 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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