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UPDATE: Deutsche Bank Initiates Coverage On Travelport Worldwide On Capitalizing Beyond Air Opportunities

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In a report published Tuesday, Deutsche Bank analyst Ashish Sabadra initiated coverage on Travelport Worldwide Ltd (NYSE: TVPT) with a Buy rating and $17.00 price target.

In the report, Deutsche Bank noted, “We are initiating coverage on Travelport (TVPT), a leading global travel commerce platform and B2B Travel payment provider (eNett), with a Buy rating and $17 target price. The Beyond Air segment has delivered roughly mid-teens revenue growth over the last few years and TVPT has guided to 15-20% revenue growth driven by high growth in eNett as well as accelerated growth in Hotel bookings. Although Orbitz and Delta contract will weigh on FY15 ($100m impact on revenues and $45m on EBITDA), we expect TVPT to deliver mid-to-high single-digit growth in the core business with Travel Commerce revenues to grow 7-8% in the mid term, in line with the company's guidance.”

Travelport Worldwide closed on Tuesday at $15.32.

Latest Ratings for TVPT

DateFirmActionFromTo
Jan 2019UpgradesUnderperformIn-Line
Dec 2018DowngradesOutperformIn-Line
Aug 2018MaintainsEqual-WeightEqual-Weight

View More Analyst Ratings for TVPT
View the Latest Analyst Ratings

Posted-In: Ashish Sabadra Deutsche BankAnalyst Color Initiation Analyst Ratings

 

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