Travelport Worldwide Limited (TVPT) Receives Consensus Recommendation of “Buy” from Brokerages
Travelport Worldwide Limited (NYSE:TVPT) has earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $15.38.
TVPT has been the topic of several recent research reports. ValuEngine upgraded Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. BidaskClub lowered Travelport Worldwide Limited from a “strong-buy” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, August 10th. Finally, Cowen and Company set a $16.00 price target on Travelport Worldwide Limited and gave the company a “buy” rating in a report on Wednesday, August 2nd.
A number of hedge funds have recently added to or reduced their stakes in TVPT. BlackRock Inc. increased its stake in Travelport Worldwide Limited by 52,255.3% in the first quarter. BlackRock Inc. now owns 7,939,686 shares of the company’s stock worth $93,451,000 after purchasing an additional 7,924,521 shares during the period. Principal Financial Group Inc. increased its stake in Travelport Worldwide Limited by 190.0% in the second quarter. Principal Financial Group Inc. now owns 7,737,069 shares of the company’s stock worth $106,462,000 after purchasing an additional 5,068,775 shares during the period. New South Capital Management Inc. increased its stake in Travelport Worldwide Limited by 159.9% in the second quarter. New South Capital Management Inc. now owns 5,786,575 shares of the company’s stock worth $79,623,000 after purchasing an additional 3,560,151 shares during the period. Nomura Holdings Inc. purchased a new stake in Travelport Worldwide Limited in the first quarter worth $32,124,000. Finally, Crescent Park Management L.P. purchased a new stake in Travelport Worldwide Limited in the second quarter worth $28,775,000. Institutional investors and hedge funds own 92.35% of the company’s stock.
Travelport Worldwide Limited (NYSE TVPT) opened at 15.59 on Friday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 18.65 and a beta of 0.60. Travelport Worldwide Limited has a 52 week low of $11.38 and a 52 week high of $15.86. The company has a 50 day moving average of $14.76 and a 200 day moving average of $13.57.
Travelport Worldwide Limited (NYSE:TVPT) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.26. Travelport Worldwide Limited had a negative return on equity of 50.52% and a net margin of 4.42%. The company had revenue of $612.10 million for the quarter, compared to analyst estimates of $618.27 million. During the same quarter in the prior year, the firm posted $0.28 EPS. Travelport Worldwide Limited’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts expect that Travelport Worldwide Limited will post $1.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.30 dividend on an annualized basis and a yield of 1.92%. Travelport Worldwide Limited’s payout ratio is 35.29%.
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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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