Imperial Capital Believes Travelport (NYSE: TVPT) Still Has Room to Grow

In a report released today, Adam Hackel from Imperial Capital maintained a Buy rating on Travelport (NYSE: TVPT), with a price target of $22. The company’s shares closed yesterday at $17.54, close to its 52-week high of $18.06.

Hackel has an average return of 1.2% when recommending Travelport.

According to TipRanks.com, Hackel is ranked #2716 out of 4773 analysts.

Travelport has an analyst consensus of Strong Buy, with a price target consensus of $20.33.

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The company has a one-year high of $18.06 and a one-year low of $12.10. Currently, Travelport has an average volume of 1.83M.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TVPT in relation to earlier this year.

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Travelport Worldwide Ltd. is a Travel Commerce Platform providing distribution, technology, payment and other solutions for global travel and tourism industry. It is comprised of a travel commerce platform, through which it facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business to business travel marketplace. The company also has leveraged its domain expertise in the travel industry to design a pioneering B2B payment solution that addresses the needs of travel intermediaries to efficiently and securely settle travel transactions. Its technology services, which provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions, enabling them to focus on their core business competencies and reduce costs. The company was founded in 2006 and is headquartered in Langley, the United Kingdom.