Travelport Worldwide (NYSE:TVPT) Given a $16.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $16.00 price objective on Travelport Worldwide (NYSE:TVPT) in a report published on Friday, November 2nd. The brokerage currently has a hold rating on the stock.

Other analysts have also issued reports about the stock. 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. Bank of America lowered shares of Travelport Worldwide from a neutral rating to an underperform rating in a research note on Friday, August 3rd. ValuEngine lowered shares of Travelport Worldwide from a buy rating to a hold rating in a research note on Thursday, November 1st. Imperial Capital reaffirmed an outperform rating and issued a $20.00 price target (down from $25.00) on shares of Travelport Worldwide in a research note on Friday, November 2nd. Finally, Zacks Investment Research downgraded shares of Travelport Worldwide from a hold rating to a sell rating in a report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Travelport Worldwide currently has an average rating of Hold and a consensus price target of $19.80.

Travelport Worldwide stock traded down $0.28 during midday trading on Friday, reaching $15.29. 1,839,820 shares of the stock traded hands, compared to its average volume of 1,593,311. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 16.27 and a beta of 0.42. Travelport Worldwide has a fifty-two week low of $12.10 and a fifty-two week high of $20.30.

Travelport Worldwide (NYSE:TVPT) last posted its earnings results on Thursday, November 1st. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.43. The firm had revenue of $622.60 million during the quarter, compared to analyst estimates of $634.46 million. Travelport Worldwide had a net margin of 4.60% and a negative return on equity of 43.41%. Travelport Worldwide’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 EPS. Research analysts anticipate that Travelport Worldwide will post 0.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors 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 dividend yield of 1.96%. Travelport Worldwide’s payout ratio is currently 31.91%.

In related news, insider Matthew Minetola sold 2,508 shares of the business’s 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 sale, the insider now directly owns 37,004 shares in the company, valued at approximately $573,562. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.32% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC raised its holdings in shares of Travelport Worldwide by 48.6% during the second quarter. Flinton Capital Management LLC now owns 9,200 shares of the company’s stock valued at $171,000 after acquiring an additional 3,008 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Travelport Worldwide by 13.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,129 shares of the company’s stock valued at $508,000 after acquiring an additional 3,469 shares during the period. Stevens Capital Management LP raised its holdings in shares of Travelport Worldwide by 34.8% during the second quarter. Stevens Capital Management LP now owns 15,112 shares of the company’s stock valued at $280,000 after acquiring an additional 3,901 shares during the period. Tocqueville Asset Management L.P. raised its holdings in shares of Travelport Worldwide by 26.3% during the second quarter. Tocqueville Asset Management L.P. now owns 18,923 shares of the company’s stock valued at $351,000 after acquiring an additional 3,946 shares during the period. Finally, Meadow Creek Investment Management LLC raised its holdings in shares of Travelport Worldwide by 48.6% during the second quarter. Meadow Creek Investment Management LLC now owns 12,650 shares of the company’s stock valued at $235,000 after acquiring an additional 4,136 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.

Further Reading: What are the risks of holding treasury bonds?

Analyst Recommendations for Travelport Worldwide (NYSE:TVPT)

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.

Leave a Reply