Travelport Worldwide (TVPT) Rating Lowered to Underperform at Evercore ISI

Travelport Worldwide (NYSE:TVPT) was downgraded by investment analysts at Evercore ISI from an “outperform” rating to an “underperform” rating in a research note issued to investors on Friday.

Several other brokerages have also weighed in on TVPT. BidaskClub lowered Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research lowered Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine lowered Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Cowen set a $19.00 price objective on Travelport Worldwide and gave the company a “buy” rating in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Travelport Worldwide presently has a consensus rating of “Hold” and a consensus price target of $15.88.

Travelport Worldwide (NYSE TVPT) opened at $13.33 on Friday. Travelport Worldwide has a 52 week low of $11.38 and a 52 week high of $16.17. The stock has a market capitalization of $1,647.90, a price-to-earnings ratio of 18.51, a PEG ratio of 3.97 and a beta of 0.49. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of -9.42.

Travelport Worldwide (NYSE:TVPT) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. Travelport Worldwide had a negative return on equity of 42.32% and a net margin of 3.72%. The company had revenue of $610.84 million during the quarter, compared to analysts’ expectations of $611.03 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. research analysts expect that Travelport Worldwide will post 0.77 EPS for the current year.

In other news, insider Antonios Basoukeas sold 15,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $14.50, for a total transaction of $217,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew Minetola sold 12,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $12.86, for a total value of $154,320.00. Following the sale, the insider now directly owns 33,402 shares of the company’s stock, valued at $429,549.72. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TVPT. Crescent Park Management L.P. purchased a new stake in shares of Travelport Worldwide during the second quarter valued at $28,775,000. JPMorgan Chase & Co. lifted its holdings in shares of Travelport Worldwide by 70.7% during the third quarter. JPMorgan Chase & Co. now owns 4,363,322 shares of the company’s stock valued at $68,286,000 after purchasing an additional 1,806,531 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Travelport Worldwide by 764.9% during the second quarter. Thrivent Financial For Lutherans now owns 850,121 shares of the company’s stock valued at $11,698,000 after purchasing an additional 751,831 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Travelport Worldwide by 114.4% during the third quarter. American Century Companies Inc. now owns 1,369,132 shares of the company’s stock valued at $21,495,000 after purchasing an additional 730,597 shares during the last quarter. Finally, Numeric Investors LLC lifted its holdings in shares of Travelport Worldwide by 1,217.3% during the second quarter. Numeric Investors LLC now owns 777,200 shares of the company’s stock valued at $10,694,000 after purchasing an additional 718,200 shares during the last quarter. 92.25% of the stock is owned by institutional investors and hedge funds.

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Travelport Worldwide 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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