Travelport Worldwide Ltd (NYSE:TVPT) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $19.80.
TVPT has been the topic of a number of research analyst reports. Cowen set a $23.00 price objective on shares of Travelport Worldwide and gave the company a “buy” rating in a report on Thursday, August 2nd. Morgan Stanley upped their price target on shares of Travelport Worldwide from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. ValuEngine lowered shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research lowered shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. Finally, Imperial Capital upped their price target on shares of Travelport Worldwide from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, August 3rd.
Shares of NYSE TVPT traded down $0.07 during midday trading on Friday, hitting $14.55. 19,412 shares of the stock traded hands, compared to its average volume of 1,589,684. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 15.49 and a beta of 0.42. Travelport Worldwide has a one year low of $12.10 and a one year high of $20.30.
Travelport Worldwide (NYSE:TVPT) last announced its earnings results on Thursday, November 1st. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.43. The company had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $634.46 million. Travelport Worldwide had a negative return on equity of 43.41% and a net margin of 4.60%. Travelport Worldwide’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS. As a group, analysts expect that Travelport Worldwide will post 0.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.30 dividend on an annualized basis and a yield of 2.06%. Travelport Worldwide’s payout ratio is 31.91%.
In other news, insider Matthew Minetola sold 2,508 shares of the stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $15.50, for a total value of $38,874.00. Following the completion of the sale, the insider now owns 37,004 shares of the company’s stock, valued at approximately $573,562. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.32% of the company’s stock.
Several large investors have recently bought and sold shares of TVPT. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Travelport Worldwide during the 3rd quarter worth approximately $20,663,000. LSV Asset Management boosted its position in shares of Travelport Worldwide by 315.5% during the 2nd quarter. LSV Asset Management now owns 1,553,718 shares of the company’s stock worth $28,805,000 after purchasing an additional 1,179,818 shares during the period. BlackRock Inc. boosted its position in shares of Travelport Worldwide by 6.9% during the 2nd quarter. BlackRock Inc. now owns 17,315,003 shares of the company’s stock worth $321,019,000 after purchasing an additional 1,119,416 shares during the period. Morgan Stanley boosted its position in shares of Travelport Worldwide by 202.3% during the 3rd quarter. Morgan Stanley now owns 1,365,780 shares of the company’s stock worth $23,041,000 after purchasing an additional 913,912 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Travelport Worldwide during the 2nd quarter worth approximately $16,243,000. 93.59% of the stock is owned by hedge funds and other institutional investors.
Travelport Worldwide Company Profile
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, and other solutions for the travel and tourism industry in the United States, the United Kingdom, and internationally. It facilitates travel commerce by connecting travel providers with online and offline travel buyers in a business-to-business travel platform.
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