Travelport Worldwide Limited (TVPT) Rating Increased to Buy at ValuEngine

Travelport Worldwide Limited (NYSE:TVPT) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, September 1st.

Several other research firms have also commented on TVPT. Zacks Investment Research upgraded shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, August 10th. BidaskClub raised shares of Travelport Worldwide Limited from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 15th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Travelport Worldwide Limited in a research report on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $15.38.

Travelport Worldwide Limited (NYSE TVPT) traded up 0.26% on Friday, hitting $15.56. 1,341,969 shares of the company traded hands. The firm has a market capitalization of $1.94 billion, a P/E ratio of 18.61 and a beta of 0.60. The stock’s 50-day moving average is $14.69 and its 200 day moving average is $13.51. Travelport Worldwide Limited has a 12 month low of $11.38 and a 12 month high of $15.86.

Travelport Worldwide Limited (NYSE:TVPT) last announced its earnings results on Thursday, August 3rd. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.26. The business had revenue of $612.10 million for the quarter, compared to analysts’ expectations of $618.27 million. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. Equities analysts forecast that Travelport Worldwide Limited will post $1.37 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Travelport Worldwide Limited during the second quarter valued at $136,000. Ameritas Investment Partners Inc. acquired a new position in shares of Travelport Worldwide Limited during the first quarter valued at $117,000. Quantum Capital Management acquired a new position in shares of Travelport Worldwide Limited during the second quarter valued at $148,000. LSV Asset Management acquired a new position in shares of Travelport Worldwide Limited during the first quarter valued at $147,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Travelport Worldwide Limited during the first quarter valued at $149,000. 96.24% of the stock is currently owned by institutional investors.

About Travelport Worldwide Limited

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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