Global Business Travel Group (GBTG) Projected to Post Earnings on Thursday

Global Business Travel Group (NYSE:GBTG) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Global Business Travel Group to post earnings of $0.03 per share and revenue of $585.72 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Global Business Travel Group Stock Performance

Shares of Global Business Travel Group stock opened at $8.56 on Tuesday. Global Business Travel Group has a fifty-two week low of $4.49 and a fifty-two week high of $9.60. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $4.03 billion, a P/E ratio of -23.76 and a beta of 0.71. The company’s 50 day moving average price is $9.01 and its two-hundred day moving average price is $8.30.

Global Business Travel Group announced that its Board of Directors has authorized a share repurchase plan on Tuesday, November 5th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 8.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group assumed coverage on shares of Global Business Travel Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $11.00 target price on the stock. Morgan Stanley raised their target price on shares of Global Business Travel Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th.

About Global Business Travel Group

Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.