Imperial Capital analyst Adam Hackel maintained a Buy rating on Travelport (NYSE: TVPT) today and set a price target of $25. The company’s shares closed yesterday at $20, close to its 52-week high of $20.30.
Hackel observed:
“We Expect TVPT to Generate Strong FCF Market, as Well as Robust Growth for eNett Figure 1. Prices as of 8/2/18 Thomson Reuters, Company data, and Imperial Capital, LLC. Worldwide Ltd. (TVPT) generated revenues of $2.4bn, EBITDA of $576mn, and EPS of $1.38 during the latest 12 months (LTM) ended 6/30/18. As of 6/30/18, TVPT had $184mn in cash and cash equivalents and approximately $2.4bn of long-term debt. View We are maintaining our Outperform rating on TVPT shares, while raising our one-year price target to $25 from $22 including $3 per share for eNett. Our price target is about 25% above the recent share price.”
Hackel has an average return of 15.6% when recommending Travelport.
According to TipRanks.com, Hackel is ranked #2713 out of 4853 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Travelport with a $23.33 average price target, implying a 16.7% upside from current levels. In a report released yesterday, Cowen & Co. also reiterated a Buy rating on the stock with a $23 price target.
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The company has a one-year high of $20.30 and a one-year low of $12.10. Currently, Travelport has an average volume of 902.8K.
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Travelport Worldwide Ltd. engages in the management of travel commerce platform which provides travel and tourism services. It operates through the Travelport and eNett segments. It offers distribution, technology, payment, mobile, and other solutions for the travel and tourism industry.
