Global Business Travel Group, Inc. (NYSE:GBTG) Receives $10.25 Consensus Target Price from Analysts

Global Business Travel Group, Inc. (NYSE:GBTG) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $10.25.

Several equities research analysts recently issued reports on GBTG shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Global Business Travel Group in a report on Monday, December 29th. Morgan Stanley lifted their target price on shares of Global Business Travel Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Evercore ISI upped their price target on Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Finally, Zacks Research upgraded shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th.

Global Business Travel Group Price Performance

Shares of NYSE:GBTG opened at $6.85 on Wednesday. Global Business Travel Group has a twelve month low of $5.78 and a twelve month high of $9.03. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.89. The company has a market cap of $3.59 billion, a PE ratio of 342.50 and a beta of 0.73. The company’s 50 day moving average is $7.70 and its 200 day moving average is $7.69.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Global Business Travel Group had a net margin of 0.40% and a return on equity of 3.52%. The business had revenue of $674.00 million for the quarter, compared to analyst estimates of $615.39 million. The business’s revenue was up 12.9% compared to the same quarter last year. On average, sell-side analysts forecast that Global Business Travel Group will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Global Business Travel Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advantage Alpha Capital Partners LP boosted its holdings in Global Business Travel Group by 13.0% during the second quarter. Advantage Alpha Capital Partners LP now owns 795,691 shares of the company’s stock worth $5,013,000 after buying an additional 91,374 shares in the last quarter. Ares Management LLC increased its holdings in Global Business Travel Group by 21.8% in the second quarter. Ares Management LLC now owns 13,886,023 shares of the company’s stock valued at $87,482,000 after buying an additional 2,489,506 shares in the last quarter. PB Investment Partners L.P. lifted its position in shares of Global Business Travel Group by 36.2% during the 2nd quarter. PB Investment Partners L.P. now owns 835,496 shares of the company’s stock valued at $5,264,000 after acquiring an additional 222,232 shares during the period. Neo Ivy Capital Management boosted its stake in shares of Global Business Travel Group by 926.2% during the 2nd quarter. Neo Ivy Capital Management now owns 40,800 shares of the company’s stock worth $257,000 after acquiring an additional 36,824 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Global Business Travel Group in the 2nd quarter worth approximately $655,000. 82.46% of the stock is owned by hedge funds and other institutional investors.

About Global Business Travel Group

Global Business Travel Group (NYSE: GBTG), formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.

Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.