Global Business Travel Group (NYSE:GBTG) Raised to Buy at Wall Street Zen

Global Business Travel Group (NYSE:GBTG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued research reports about the stock. Bank of America initiated coverage on shares of Global Business Travel Group in a research note on Tuesday, April 7th. They set a “neutral” rating and a $6.50 price target on the stock. Citigroup reduced their price objective on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft set a $8.20 target price on shares of Global Business Travel Group in a research report on Wednesday, March 11th. Zacks Research raised shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Weiss Ratings raised shares of Global Business Travel Group from a “sell (d)” rating to a “hold (c)” rating in a research report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.81.

Global Business Travel Group Trading Up 0.1%

Global Business Travel Group stock opened at $6.09 on Friday. The business has a 50 day moving average price of $5.52 and a two-hundred day moving average price of $6.88. 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 has a 12 month low of $4.95 and a 12 month high of $8.64. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.18 and a beta of 0.75.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Monday, March 9th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $792.00 million for the quarter, compared to analyst estimates of $789.48 million. Global Business Travel Group had a return on equity of 6.20% and a net margin of 4.01%. As a group, equities analysts forecast that Global Business Travel Group will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in shares of Global Business Travel Group during the third quarter valued at $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Global Business Travel Group in the 4th quarter worth about $32,000. Advisory Services Network LLC bought a new stake in shares of Global Business Travel Group in the 3rd quarter worth about $61,000. CWM LLC increased its position in shares of Global Business Travel Group by 21.1% during the 3rd quarter. CWM LLC now owns 7,630 shares of the company’s stock worth $62,000 after purchasing an additional 1,332 shares in the last quarter. Finally, Creative Planning bought a new position in Global Business Travel Group during the 2nd quarter valued at about $67,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Global Business Travel Group Company Profile

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.