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

Shares of Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) have been given an average rating of "Moderate Buy" by the five brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $9.70.

GBTG has been the subject of a number of recent research reports. BTIG Research initiated coverage on Global Business Travel Group in a report on Tuesday, March 18th. They issued a "buy" rating and a $10.00 target price for the company. UBS Group cut their price objective on 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. Finally, Wall Street Zen downgraded Global Business Travel Group from a "buy" rating to a "hold" rating in a research report on Saturday.

Institutional Trading of Global Business Travel Group

Several institutional investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Global Business Travel Group by 390.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company's stock worth $26,000 after buying an additional 2,199 shares in the last quarter. State of Wyoming purchased a new stake in shares of Global Business Travel Group during the fourth quarter worth $31,000. Quarry LP purchased a new stake in shares of Global Business Travel Group during the first quarter worth $26,000. Federated Hermes Inc. purchased a new stake in shares of Global Business Travel Group during the first quarter worth $27,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Global Business Travel Group during the first quarter worth $29,000. 82.46% of the stock is owned by institutional investors and hedge funds.

Global Business Travel Group Stock Down 4.7%

GBTG stock opened at $6.08 on Friday. Global Business Travel Group has a fifty-two week low of $5.78 and a fifty-two week high of $9.60. The business's 50-day moving average is $6.42 and its two-hundred day moving average is $7.85. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $2.91 billion, a price-to-earnings ratio of -16.89 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. The business had revenue of $621.00 million during the quarter, compared to analysts' expectations of $632.63 million. As a group, analysts forecast that Global Business Travel Group will post -0.17 earnings per share 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.

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