Orbitz Worldwide Coverage Initiated at FBR Capital Markets (OWW)
Stock analysts at FBR Capital Markets started coverage on shares of Orbitz Worldwide (NYSE:OWW) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $9.00 price target on the stock. FBR Capital Markets’ price target would indicate a potential upside of 3.21% from the company’s current price.
A number of other analysts have also recently weighed in on OWW. Analysts at Thomson Reuters/Verus downgraded shares of Orbitz Worldwide from a “buy” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at RBC Capital initiated coverage on shares of Orbitz Worldwide in a research note to investors on Tuesday, October 1st. They set a “sector perform” rating and a $10.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Orbitz Worldwide from $7.00 to $10.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Orbitz Worldwide currently has a consensus rating of “Hold” and an average price target of $7.67.
In other Orbitz Worldwide news, Insider Christopher Orton sold 70,608 shares of Orbitz Worldwide stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $8.78, for a total transaction of $619,938.24. Following the completion of the transaction, the insider now directly owns 71,299 shares in the company, valued at approximately $626,005. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Orbitz Worldwide (NYSE:OWW) traded down 1.47% on Wednesday, hitting $8.72. 379,331 shares of the company’s stock traded hands. Orbitz Worldwide has a 52-week low of $2.07 and a 52-week high of $13.26. The stock’s 50-day moving average is $9.84 and its 200-day moving average is $7.8. The company’s market cap is $941.5 million.
Orbitz Worldwide (NYSE:OWW) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.01. The company had revenue of $225.80 million for the quarter, compared to the consensus estimate of $218.94 million. During the same quarter last year, the company posted $0.04 earnings per share. Orbitz Worldwide’s revenue was up 12.3% compared to the same quarter last year. Analysts expect that Orbitz Worldwide will post $1.47 EPS for the current fiscal year.
Orbitz Worldwide, Inc is a global online travel company (NYSE:OWW) that uses technology to enable leisure and business travelers to research, plan and book a range of travel products and services.
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