Global Business Travel Group, Inc. (NYSE:GBTG) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Global Business Travel Group, Inc. has received a consensus recommendation of “Moderate Buy” from five analysts, with an average price target of $9.70.
• Analysts at UBS and Wall Street Zen have adjusted their ratings on the stock, with UBS lowering its price target from $11.00 to $10.00 and Wall Street Zen shifting from a buy to a hold rating.
• The company’s recent quarterly earnings report showed an EPS of $0.16, exceeding analyst expectations, although it reported a revenue of $621 million, falling short of estimates.

Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) has received a consensus rating of "Moderate Buy" from the five brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $9.70.

GBTG has been the topic of a number of analyst reports. UBS Group decreased their price objective on shares of Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen cut shares of Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, July 26th.

Institutional Trading of Global Business Travel Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new position in shares of Global Business Travel Group in the 4th quarter valued at $161,000. Pictet Asset Management Holding SA lifted its stake in shares of Global Business Travel Group by 17.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,578 shares of the company's stock valued at $126,000 after purchasing an additional 1,976 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Global Business Travel Group by 225.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 403,262 shares of the company's stock valued at $3,742,000 after purchasing an additional 279,533 shares during the period. Schroder Investment Management Group acquired a new position in shares of Global Business Travel Group in the 4th quarter valued at $1,114,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Global Business Travel Group by 3.4% in the 4th quarter. Alliancebernstein L.P. now owns 135,720 shares of the company's stock valued at $1,259,000 after purchasing an additional 4,400 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Global Business Travel Group Stock Up 2.4%

Shares of GBTG traded up $0.15 on Friday, reaching $6.24. The company's stock had a trading volume of 933,945 shares, compared to its average volume of 903,973. Global Business Travel Group has a twelve month low of $5.78 and a twelve month high of $9.60. The stock has a market capitalization of $2.98 billion, a PE ratio of -62.35 and a beta of 0.73. The firm has a fifty day moving average of $6.38 and a 200-day moving average of $7.14. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.21.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. Global Business Travel Group had a negative net margin of 1.81% and a negative return on equity of 0.61%. The business had revenue of $621.00 million during the quarter, compared to analyst estimates of $632.63 million. Equities analysts predict that Global Business Travel Group will post -0.17 EPS for the current year.

Global Business Travel Group Company Profile

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.