Sterne Agee CRT Initiates Coverage on Travelport Worldwide Ltd to Buy

Sterne Agee CRT Initiates Coverage on Travelport Worldwide Ltd(NYSE:TVPT). The shares have been rated Buy. The rating by Sterne Agee CRT was issued on Apr 12, 2016.

In a different note, On Feb 19, 2016, Deutsche Bank said it Maintains its rating on Travelport Worldwide Ltd. In the research note, the firm Lowers the price-target to $19.00 per share. The shares have been rated ‘Buy’ by the firm.

Travelport Worldwide Ltd (TVPT) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -0.69% at a volume of 5,10,523. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.63. The peak price level was also seen at $14.63 while the days lowest was $14.35. Finally the shares closed at $14.49. The 52-week high of the shares is $17.18 while the 52-week low is $8.5. According to the latest information available, the market cap of the company is $1,793 M.

Travelport Worldwide Ltd(TVPT) last announced its earnings results on Feb 18, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $535.00M. Analysts had an estimated revenue of $521.07M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Nov 12, 2015, Kurt Joseph Ekert (officer ) sold 25,000 shares at $14.07 per share price.Also, On Aug 7, 2015, Gordon A. Wilson (CEO) purchased 7,400 shares at $13.70 per share price.On May 11, 2015, Antonios Basoukeas (officer ) sold 32,256 shares at $15.30 per share price, according to the Form-4 filing with the securities and exchange commission.

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 650000 hotel properties (of which over 550000 are independent hotel properties) over 35000 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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