Evercore ISI Downgrades Travelport Worldwide (NYSE:TVPT) to Underperform

Evercore ISI lowered shares of Travelport Worldwide (NYSE:TVPT) from an outperform rating to an underperform rating in a research report released on Friday, January 5th, MarketBeat reports.

Several other equities analysts have also issued reports on the stock. ValuEngine lowered shares of Travelport Worldwide from a buy rating to a hold rating in a report on Sunday, December 31st. BidaskClub lowered shares of Travelport Worldwide from a hold rating to a sell rating in a report on Tuesday, November 14th. Zacks Investment Research lowered shares of Travelport Worldwide from a hold rating to a strong sell rating in a report on Thursday, November 9th. Finally, Cowen set a $19.00 target price on shares of Travelport Worldwide and gave the company a buy rating in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $15.88.

Shares of Travelport Worldwide (NYSE TVPT) opened at $13.70 on Friday. 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 has a one year low of $11.38 and a one year high of $16.17. The firm has a market cap of $1,716.83, a price-to-earnings ratio of 19.03, a P/E/G ratio of 4.14 and a beta of 0.49.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th were issued a dividend of $0.075 per share. The ex-dividend date was Wednesday, December 6th. This represents a $0.30 annualized dividend and a dividend yield of 2.19%. Travelport Worldwide’s dividend payout ratio is currently 41.67%.

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

Several large investors have recently bought and sold shares of TVPT. Crescent Park Management L.P. bought a new stake in shares of Travelport Worldwide during the second quarter worth about $28,775,000. JPMorgan Chase & Co. increased its position 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 worth $68,286,000 after acquiring an additional 1,806,531 shares in the last quarter. Thrivent Financial For Lutherans increased its position 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 worth $11,698,000 after acquiring an additional 751,831 shares in the last quarter. American Century Companies Inc. increased its position 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 worth $21,495,000 after acquiring an additional 730,597 shares in the last quarter. Finally, Numeric Investors LLC increased its position 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 worth $10,694,000 after acquiring an additional 718,200 shares in the last quarter. 92.25% of the stock is owned by institutional investors.

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About Travelport Worldwide

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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