Benchmark Co. Raises Price Target on Orbitz Worldwide (OWW)
Equities researchers at Benchmark Co. lifted their target price on shares of Orbitz Worldwide (NYSE: OWW) from $5.00 to $6.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock.
Shares of Orbitz Worldwide opened at 3.71 on Friday. Orbitz Worldwide has a one year low of $1.57 and a one year high of $4.49. The company’s market cap is $385.7 million.
Orbitz Worldwide last issued its quarterly earnings data on Thursday, May 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that Orbitz Worldwide will post $0.16 earnings per share next quarter.
A number of other analysts have also recently weighed in on OWW. Analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Orbitz Worldwide in a research note to investors on Wednesday, May 2nd. Separately, analysts at Zacks upgraded shares of Orbitz Worldwide from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, February 20th. Finally, analysts at Evercore Partners raised their price target on shares of Orbitz Worldwide to $2.50 in a research note to investors on Saturday, February 18th.
Orbitz Worldwide, Inc. is a global online travel company that uses technology to enable leisure and business travelers to search for and book a range of travel products and services.