Shares of Travelport Worldwide Ltd (NYSE:TVPT) have earned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $18.19.
Separately, ValuEngine upgraded shares of USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th.
A number of hedge funds have recently modified their holdings of TVPT. Bronfman E.L. Rothschild L.P. boosted its holdings in Travelport Worldwide by 450.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,630 shares of the company’s stock worth $25,000 after purchasing an additional 1,334 shares during the last quarter. Investors Research Corp purchased a new stake in Travelport Worldwide in the first quarter worth approximately $25,000. Tortoise Index Solutions LLC purchased a new stake in Travelport Worldwide in the first quarter worth approximately $29,000. Resources Investment Advisors Inc. purchased a new stake in Travelport Worldwide in the fourth quarter worth approximately $32,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in Travelport Worldwide in the fourth quarter worth approximately $60,000. Institutional investors own 94.95% of the company’s stock.
Travelport Worldwide (NYSE:TVPT) last issued its earnings results on Friday, May 10th. The company reported $0.16 earnings per share (EPS) for the quarter. Travelport Worldwide had a net margin of 1.35% and a negative return on equity of 25.37%. The company had revenue of $656.54 million for the quarter, compared to analysts’ expectations of $684.40 million.
About Travelport Worldwide
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, mobile, 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, such as airlines, hotel chains, and car rental companies with online and offline travel buyers in a business-to-business travel platform.
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