Global Business Travel Group, Inc. (NYSE:GBTG) Given Consensus Rating of “Hold” by Analysts

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $8.90.

Several research analysts have recently weighed in on the company. Citigroup decreased their price target on Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Weiss Ratings downgraded Global Business Travel Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Morgan Stanley decreased their target price on Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, March 9th. Deutsche Bank Aktiengesellschaft set a $8.20 price objective on shares of Global Business Travel Group in a research report on Wednesday, March 11th. Finally, Wall Street Zen raised shares of Global Business Travel Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th.

Global Business Travel Group Price Performance

Shares of GBTG opened at $9.46 on Friday. Global Business Travel Group has a twelve month low of $4.95 and a twelve month high of $9.54. The company has a market capitalization of $4.95 billion, a P/E ratio of 55.62, a price-to-earnings-growth ratio of 1.83 and a beta of 0.75. The firm has a 50 day moving average of $5.88 and a 200 day moving average of $6.79. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.84.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings data on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Global Business Travel Group had a return on equity of 2.59% and a net margin of 2.93%.The business had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group’s revenue for the quarter was up 35.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Global Business Travel Group will post 0.18 earnings per share for the current fiscal year.

Institutional Trading of Global Business Travel Group

Large investors have recently modified their holdings of the company. Monarch Alternative Capital LP bought a new position in Global Business Travel Group in the third quarter valued at about $57,680,000. Anchorage Capital Advisors L.P. bought a new stake in shares of Global Business Travel Group during the 3rd quarter valued at about $58,073,000. Boundary Creek Advisors LP purchased a new stake in shares of Global Business Travel Group during the 3rd quarter valued at about $22,911,000. SG Americas Securities LLC bought a new position in shares of Global Business Travel Group in the 4th quarter worth approximately $1,667,000. Finally, Ballast Asset Management LP lifted its stake in shares of Global Business Travel Group by 27.2% in the 3rd quarter. Ballast Asset Management LP now owns 505,999 shares of the company’s stock worth $4,088,000 after purchasing an additional 108,077 shares during the period. Institutional investors own 82.46% of the company’s stock.

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.