Travelport Worldwide (TVPT) Stock Rating Upgraded by Zacks Investment Research

Travelport Worldwide (NYSE:TVPT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $18.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 14.50% from the company’s current price.

According to Zacks, “Travelport Worldwide Limited is a Travel Commerce Platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. Its Travel Commerce Platform enables travel providers, travel agencies, corporations and developers to connect. Through its Technology Services it provides critical IT solutions to airlines, such as shopping, ticketing and departure control applications. The Company also provides an array of additional services, such as advertising solutions, subscription services, business intelligence data services, and marketing-oriented analytical tools to travel providers, travel agencies and other travel data users. Travelport Worldwide Limited is based in Atlanta, Georgia. “

TVPT has been the topic of a number of other research reports. Imperial Capital dropped their price target on Travelport Worldwide from $20.00 to $15.75 and set an “in-line” rating on the stock in a research report on Tuesday, December 11th. Morgan Stanley set a $16.00 price target on Travelport Worldwide and gave the stock a “hold” rating in a research report on Friday, November 2nd. Finally, ValuEngine downgraded Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.79.

Shares of Travelport Worldwide stock opened at $15.72 on Tuesday. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 16.72 and a beta of 0.28. Travelport Worldwide has a 52 week low of $12.57 and a 52 week high of $20.30.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. boosted its position in Travelport Worldwide by 253.0% during the third quarter. Bessemer Group Inc. now owns 415,531 shares of the company’s stock valued at $7,010,000 after purchasing an additional 297,831 shares in the last quarter. Stevens Capital Management LP boosted its position in Travelport Worldwide by 145.8% during the third quarter. Stevens Capital Management LP now owns 37,143 shares of the company’s stock valued at $627,000 after purchasing an additional 22,031 shares in the last quarter. Vanguard Group Inc boosted its position in Travelport Worldwide by 8.6% during the third quarter. Vanguard Group Inc now owns 4,532,299 shares of the company’s stock valued at $76,460,000 after purchasing an additional 359,725 shares in the last quarter. Acadian Asset Management LLC boosted its position in Travelport Worldwide by 69.1% during the third quarter. Acadian Asset Management LLC now owns 501,874 shares of the company’s stock valued at $8,468,000 after purchasing an additional 205,090 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Travelport Worldwide by 3.9% during the third quarter. BlackRock Inc. now owns 17,981,946 shares of the company’s stock valued at $303,355,000 after purchasing an additional 666,943 shares in the last quarter. 95.72% of the stock is currently owned by institutional investors and hedge funds.

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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