Global Business Travel Group, Inc. (NYSE:GBTG) Receives Average Rating of "Hold" from Brokerages

Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) has earned an average recommendation of "Hold" from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $8.90.

A number of research analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Global Business Travel Group in a research report on Tuesday, April 7th. They set a "neutral" rating and a $6.50 price target for the company. Weiss Ratings downgraded shares of Global Business Travel Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, May 1st. Citigroup lowered their target price 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. BTIG Research cut Global Business Travel Group from a "buy" rating to a "neutral" rating in a research report on Monday. Finally, Wall Street Zen upgraded Global Business Travel Group from a "hold" rating to a "buy" rating in a research note on Saturday, April 18th.

Global Business Travel Group Price Performance

GBTG opened at $9.46 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.84. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 55.62, a price-to-earnings-growth ratio of 1.83 and a beta of 0.75. The stock has a fifty day simple moving average of $5.88 and a two-hundred day simple moving average of $6.79. Global Business Travel Group has a 12-month low of $4.95 and a 12-month high of $9.54.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. The firm had revenue of $840.00 million for the quarter, compared to analysts' expectations of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.59%. The business's revenue for the quarter was up 35.3% on a year-over-year basis. Research analysts predict that Global Business Travel Group will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Business Travel Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC raised its position in shares of Global Business Travel Group by 21.1% in 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 during the last quarter. Landscape Capital Management L.L.C. grew its position in Global Business Travel Group by 17.1% during the 4th quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company's stock valued at $111,000 after purchasing an additional 2,125 shares during the last quarter. California State Teachers Retirement System grew its position in Global Business Travel Group by 2.5% during the 4th quarter. California State Teachers Retirement System now owns 88,896 shares of the company's stock valued at $680,000 after purchasing an additional 2,143 shares during the last quarter. State of Wyoming increased its stake in Global Business Travel Group by 6.5% during the 2nd quarter. State of Wyoming now owns 40,964 shares of the company's stock valued at $258,000 after purchasing an additional 2,504 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Global Business Travel Group by 28.2% during the 4th quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company's stock valued at $89,000 after purchasing an additional 2,549 shares in the last quarter. 82.46% of the stock is currently owned by 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.

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