Travelport Worldwide Ltd (TVPT) is Initiated by Sterne Agee CRT to Buy, Price Target at $19

Travelport Worldwide Ltd (TVPT) was Initiated by Sterne Agee CRT to “Buy” and the brokerage firm has set the Price Target at $19. Sterne Agee CRT advised their investors in a research report released on Apr 13, 2016.

On the company’s financial health, Travelport Worldwide Ltd reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.18. The company had revenue of $535.00 million for the quarter, compared to analysts expectations of $521.24 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.

Travelport Worldwide Ltd opened for trading at $13.88 and hit $13.99 on the upside on Monday, eventually ending the session at $13.92, with a gain of 0.94% or 0.13 points. The heightened volatility saw the trading volume jump to 13,28,991 shares. Company has a market cap of $1,722 M.

In a different news, on Nov 12, 2015, Kurt Joseph Ekert (officer ) sold 25,000 shares at $14.07 per share price. According to the SEC, 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.

Travelport Worldwide Ltd

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