Orbitz Worldwide Receives New Coverage from Analysts at Oppenheimer (OWW)
Investment analysts at Oppenheimer assumed coverage on shares of Orbitz Worldwide (NYSE:OWW) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Orbitz Worldwide (NYSE:OWW) traded up 0.45% on Monday, hitting $8.90. The stock had a trading volume of 1,094,691 shares. Orbitz Worldwide has a 52 week low of $6.40 and a 52 week high of $13.26. The stock’s 50-day moving average is $7.84 and its 200-day moving average is $7.7. The company has a market cap of $972.3 million and a price-to-earnings ratio of 74.45.
Orbitz Worldwide (NYSE:OWW) last announced its earnings results on Monday, May 5th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Orbitz Worldwide will post $0.33 earnings per share for the current fiscal year.
OWW has been the subject of a number of other recent research reports. Analysts at Deutsche Bank initiated coverage on shares of Orbitz Worldwide in a research note on Monday, June 2nd. They set a “hold” rating and a $8.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Susquehanna cut their price target on shares of Orbitz Worldwide from $9.00 to $8.00 in a research note on Tuesday, May 6th. Finally, analysts at Jefferies Group cut their price target on shares of Orbitz Worldwide from $9.50 to $8.50 in a research note on Tuesday, May 6th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.56.
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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