Global Business Travel Group, Inc. (NYSE:GBTG) Receives $9.70 Average Price Target from Brokerages

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 been assigned an average rating of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $9.90.

A number of analysts have recently commented on the company. UBS Group boosted their price target on Global Business Travel Group from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday. Wall Street Zen downgraded Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, July 26th.

Global Business Travel Group Stock Performance

Shares of NYSE:GBTG traded up $0.87 on Friday, hitting $7.37. The company's stock had a trading volume of 722,040 shares, compared to its average volume of 903,320. The stock's 50-day moving average is $6.38 and its two-hundred day moving average is $7.11. Global Business Travel Group has a 12 month low of $5.78 and a 12 month high of $9.60. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -73.55 and a beta of 0.73. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.60 and a current ratio of 1.60.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Global Business Travel Group had a negative return on equity of 0.61% and a negative net margin of 1.81%. The business had revenue of $631.00 million during the quarter, compared to the consensus estimate of $624.12 million. On average, equities research 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

A number of institutional investors have recently bought and sold shares of GBTG. Millennium Management LLC raised its holdings in Global Business Travel Group by 179.3% in the fourth quarter. Millennium Management LLC now owns 1,411,286 shares of the company's stock valued at $13,097,000 after acquiring an additional 905,929 shares in the last quarter. Northern Trust Corp grew its position in Global Business Travel Group by 5.2% in the 4th quarter. Northern Trust Corp now owns 1,176,197 shares of the company's stock valued at $10,915,000 after buying an additional 58,189 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Global Business Travel Group by 614.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 888,989 shares of the company's stock valued at $8,251,000 after purchasing an additional 764,628 shares in the last quarter. PB Investment Partners L.P. lifted its stake in Global Business Travel Group by 36.2% during the second quarter. PB Investment Partners L.P. now owns 835,496 shares of the company's stock valued at $5,264,000 after buying an additional 222,232 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in Global Business Travel Group by 218.4% during the first quarter. Golden State Wealth Management LLC now owns 776,310 shares of the company's stock valued at $5,636,000 after buying an additional 532,458 shares in the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

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.