Travelport (TVPT) Downgraded by Bank of America

Bank of America lowered shares of Travelport (NYSE:TVPT) from a buy rating to a neutral rating in a research note released on Tuesday morning, Marketbeat.com reports. The analysts noted that the move was a valuation call.

TVPT has been the subject of a number of other research reports. Cowen set a $19.00 price objective on shares of Travelport and gave the stock a buy rating in a research report on Monday, March 26th. Zacks Investment Research raised shares of Travelport from a strong sell rating to a hold rating in a research report on Wednesday, April 25th. ValuEngine raised shares of Travelport from a hold rating to a buy rating in a research report on Monday, April 2nd. Morgan Stanley reaffirmed an equal weight rating and set a $14.50 price objective (down previously from $15.00) on shares of Travelport in a research report on Wednesday, February 21st. Finally, Imperial Capital set a $22.00 price objective on shares of Travelport and gave the stock a buy rating in a research report on Friday, May 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $18.50.

Travelport opened at $17.17 on Tuesday, Marketbeat reports. The company has a debt-to-equity ratio of -17.08, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $2.18 billion, a PE ratio of 23.64 and a beta of 0.25. Travelport has a 1-year low of $17.08 and a 1-year high of $17.27.

Travelport (NYSE:TVPT) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.34. The firm had revenue of $573.57 million during the quarter, compared to analysts’ expectations of $566.92 million. Travelport had a net margin of 5.87% and a negative return on equity of 45.82%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS. equities analysts forecast that Travelport will post 0.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 21st. Shareholders of record on Thursday, June 7th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, June 6th. This represents a $0.30 dividend on an annualized basis and a yield of 1.75%. Travelport’s dividend payout ratio (DPR) is presently 31.91%.

In other Travelport news, Director Douglas M. Steenland sold 64,000 shares of the stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $16.08, for a total transaction of $1,029,120.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Matthew Minetola sold 6,684 shares of the stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $17.15, for a total transaction of $114,630.60. Following the sale, the insider now owns 37,890 shares in the company, valued at $649,813.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 326,684 shares of company stock worth $5,316,551. 1.32% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC acquired a new stake in Travelport during the 1st quarter worth approximately $101,000. Meadow Creek Investment Management LLC acquired a new stake in Travelport during the 1st quarter worth approximately $139,000. Riverhead Capital Management LLC acquired a new stake in Travelport during the 1st quarter worth approximately $159,000. Public Employees Retirement Association of Colorado acquired a new stake in Travelport during the 4th quarter worth approximately $129,000. Finally, Gargoyle Investment Advisor L.L.C. acquired a new stake in Travelport during the 1st quarter worth approximately $167,000. Institutional investors own 96.80% of the company’s stock.

Travelport Company Profile

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.

Analyst Recommendations for Travelport (NYSE:TVPT)

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