Shares of Travelport Worldwide Ltd (NYSE:TVPT) have received an average recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $15.83.
A number of research analysts have recently commented on the company. Evercore ISI cut Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research note on Friday. BidaskClub cut Travelport Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 21st. Zacks Investment Research cut Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 9th. Cowen set a $19.00 target price on Travelport Worldwide and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, ValuEngine cut Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.
In related news, insider Antonios Basoukeas sold 15,000 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew Minetola sold 12,000 shares of the firm’s 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 transaction, the insider now directly owns 33,402 shares of the company’s stock, valued at approximately $429,549.72. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TVPT. Zions Bancorporation bought a new position in Travelport Worldwide during the 3rd quarter valued at approximately $135,000. SG Americas Securities LLC bought a new position in Travelport Worldwide during the 2nd quarter valued at approximately $136,000. Quantum Capital Management bought a new position in Travelport Worldwide during the 2nd quarter valued at approximately $148,000. Ameritas Investment Partners Inc. increased its position 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 buying an additional 918 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Travelport Worldwide during the 3rd quarter valued at approximately $161,000. 92.25% of the stock is owned by institutional investors.
Travelport Worldwide (TVPT) traded down $0.69 during midday trading on Tuesday, reaching $12.64. The company’s stock had a trading volume of 5,620,000 shares, compared to its average volume of 1,120,000. Travelport Worldwide has a 1-year low of $11.38 and a 1-year high of $16.17. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of -9.42. The stock has a market cap of $1,580.00, a PE ratio of 17.56, a P/E/G ratio of 3.97 and a beta of 0.49.
Travelport Worldwide (NYSE:TVPT) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.08. Travelport Worldwide had a negative return on equity of 42.32% and a net margin of 3.72%. The business had revenue of $610.84 million during the quarter, compared to analysts’ expectations of $611.03 million. During the same quarter last year, the business posted $0.33 EPS. The business’s revenue was up 3.4% on a year-over-year basis. equities analysts forecast that Travelport Worldwide will post 0.77 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Wednesday, December 6th. Travelport Worldwide’s payout ratio is presently 41.67%.
About Travelport Worldwide
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 & Ratings for Travelport Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelport Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.