Analyst Price Target Update on Travelport Worldwide Limited (NYSE:TVPT)

Travelport Worldwide Limited (NYSE:TVPT): 7 analysts have set the short term price target of Travelport Worldwide Limited (NYSE:TVPT) at $17.36. The standard deviation of short term price target has been estimated at $2.25, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 21 and $15 respectively.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Sterne Agee assumes its outlook on Travelport Worldwide Limited (NYSE:TVPT). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $19 per share. The rating by the firm was issued on April 13, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, 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 (NYSE:TVPT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.51 points or 3.88% at $12.62 with 1,321,989 shares getting traded. Post opening the session at $13, the shares hit an intraday low of $12.57 and an intraday high of $13.15 and the price was in this range throughout the day. The company has a market cap of $1,563 million and the number of outstanding shares have been calculated to be 123,816,585 shares. The 52-week high of Travelport Worldwide Limited (NYSE:TVPT) is $15.34 and the 52-week low is $8.5.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.