Shares of Travelport Worldwide Ltd (NYSE:TVPT) have received an average recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $21.80.

Several brokerages have recently commented on TVPT. Cowen set a $23.00 price target on shares of Travelport Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Imperial Capital increased their price target on shares of Travelport Worldwide from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. Morgan Stanley increased their price target on shares of Travelport Worldwide from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, August 3rd. Deutsche Bank increased their price target on shares of Travelport Worldwide from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Finally, Bank of America lowered shares of Travelport Worldwide from a “neutral” rating to an “underperform” rating in a research note on Friday, August 3rd.

In other news, insider Matthew Minetola sold 20,000 shares of the stock in a transaction on Monday, July 9th. The shares were sold at an average price of $20.02, for a total transaction of $400,400.00. Following the transaction, the insider now owns 53,402 shares in the company, valued at approximately $1,069,108.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.32% of the company’s stock.

A number of large investors have recently bought and sold shares of TVPT. BlackRock Inc. grew its stake in Travelport Worldwide by 103.1% in the 1st quarter. BlackRock Inc. now owns 16,195,587 shares of the company’s stock valued at $264,634,000 after buying an additional 8,219,886 shares during the last quarter. Principal Financial Group Inc. grew its stake in Travelport Worldwide by 14.2% in the 1st quarter. Principal Financial Group Inc. now owns 9,520,961 shares of the company’s stock valued at $155,572,000 after buying an additional 1,182,970 shares during the last quarter. LSV Asset Management grew its stake in Travelport Worldwide by 315.5% in the 2nd quarter. LSV Asset Management now owns 1,553,718 shares of the company’s stock valued at $28,805,000 after buying an additional 1,179,818 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Travelport Worldwide by 24,768.2% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 916,392 shares of the company’s stock valued at $14,974,000 after buying an additional 912,707 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Travelport Worldwide in the 2nd quarter valued at $16,243,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

TVPT stock opened at $18.02 on Friday. Travelport Worldwide has a 12-month low of $12.10 and a 12-month high of $20.30. The company has a debt-to-equity ratio of -16.95, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 19.17 and a beta of 0.24.

Travelport Worldwide (NYSE:TVPT) last released its earnings results on Thursday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. Travelport Worldwide had a net margin of 4.61% and a negative return on equity of 36.75%. The company had revenue of $662.01 million during the quarter, compared to the consensus estimate of $638.77 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. research analysts expect that Travelport Worldwide will post 0.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, September 5th. This represents a $0.30 annualized dividend and a dividend yield of 1.66%. Travelport Worldwide’s dividend payout ratio (DPR) is 31.91%.

About Travelport Worldwide

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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Analyst Recommendations for Travelport Worldwide (NYSE:TVPT)

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