Orbitz Worldwide’s Hold Rating Reaffirmed at Jefferies Group (OWW)
Orbitz Worldwide (NYSE:OWW)‘s stock had its “hold” rating reiterated by Jefferies Group in a research note issued on Tuesday, Stock Ratings Network.com reports. They currently have a $8.50 target price on the stock. Jefferies Group’s price objective indicates a potential upside of 17.40% from the stock’s previous close.
Shares of Orbitz Worldwide (NYSE:OWW) remained flat at $7.24 during during mid-day trading trading on Tuesday. 586,210 shares of the company’s stock traded hands. Orbitz Worldwide has a 52-week low of $6.04 and a 52-week high of $13.26. The stock’s 50-day moving average is $7.72 and its 200-day moving average is $7.72. The company has a market cap of $789.6 million and a price-to-earnings ratio of 4.96.
Orbitz Worldwide (NYSE:OWW) last released its earnings data on Monday, May 5th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.03. The company had revenue of $210.30 million for the quarter, compared to the consensus estimate of $205.50 million. During the same quarter last year, the company posted ($0.10) earnings per share. Orbitz Worldwide’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that Orbitz Worldwide will post $0.39 EPS for the current fiscal year.
Separately, analysts at Goldman Sachs downgraded shares of Orbitz Worldwide from a “neutral” rating to a “sell” rating in a research note on Wednesday, March 19th. They now have a $8.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.59.
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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