Analyst Rating Update on Travelport Worldwide Limited (TVPT)

Travelport Worldwide Limited (NYSE:TVPT) : 6 brokerage houses believe that Travelport Worldwide Limited (NYSE:TVPT) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Travelport Worldwide Limited (NYSE:TVPT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.29.

Travelport Worldwide Limited (NYSE:TVPT) stock is expected to deviate a maximum of $2.25 from the average target price of $17.36 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $21 and the most muted being $15.

For the current week, the company shares have a recommendation consensus of Buy. Also, Sterne Agee assumes its rating on Travelport Worldwide Limited (NYSE:TVPT). The global brokerage major announces a current price target of $19 per share. Analysts at the Sterne Agee have a current rating of Buy on the shares. The rating by the firm was issued on April 13, 2016.

Travelport Worldwide Limited (NYSE:TVPT): stock turned positive on Tuesday. Though the stock opened at $11.68, the bulls momentum made the stock top out at $12.19 level for the day. The stock recorded a low of $11.6 and closed the trading day at $12.08, in the green by 5.13%. The total traded volume for the day was 1,381,014. The stock had closed at $11.49 in the previous days trading.

In an insider trading activity, Ekert Kurt Joseph, officer of Travelport Worldwide Ltd, unloaded 33,048 shares at an average price of $14 on August 6, 2015. The total amount of the transaction was worth $462,672, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment and other solutions. 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. It provides air distribution services to approximately 400 airlines around the world, including approximately 100 low cost carriers (LCCs). It distributes ancillaries for 25 airlines. In addition, it serves various Beyond Air travel providers, including over 650,000 hotel properties (of which over 550,000 are independent hotel properties), over 35,000 car rental locations and 61 cruise-line and tour operators. Its travel commerce platform, Air, provides real-time search, pricing, booking, change, payment and itinerary creation for travelers who use the services of online and offline travel agencies for both leisure and business travel.

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