Global Business Travel Group (NYSE:GBTG) Coverage Initiated at Bank of America

Key Points

• Bank of America initiated coverage on Global Business Travel Group (NYSE:GBTG) with a Neutral rating and a $6.50 price target, implying roughly a 13% upside from current levels.
• Analyst sentiment is mixed—four Buy and four Hold ratings—producing a consensus label of "Moderate Buy" and a consensus target of $8.92.
• GBTG beat the quarter with $0.06 EPS (vs. $0.02 est.) and $792M revenue; shares traded around $5.75, with a 52‑week range of $4.95–$8.64 and a market cap near $3.01B.

Analysts at Bank of America started coverage on shares of Global Business Travel Group (NYSE:GBTG - Get Free Report) in a research note issued on Tuesday,Benzinga reports. The brokerage set a "neutral" rating and a $6.50 price target on the stock. Bank of America's price target suggests a potential upside of 13.14% from the stock's current price.

GBTG has been the topic of several other reports. Weiss Ratings raised Global Business Travel Group from a "sell (d)" rating to a "hold (c)" rating in a research note on Thursday, March 12th. Zacks Research raised Global Business Travel Group from a "strong sell" rating to a "hold" rating in a research note on Friday, January 9th. BTIG Research dropped their price target on Global Business Travel Group from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Monday, March 9th. Morgan Stanley dropped their price target on Global Business Travel Group from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Monday, March 9th. Finally, Citigroup lowered their target price on Global Business Travel Group from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Global Business Travel Group has a consensus rating of "Moderate Buy" and a consensus target price of $8.92.

Global Business Travel Group Price Performance

Shares of GBTG opened at $5.75 on Tuesday. Global Business Travel Group has a 52-week low of $4.95 and a 52-week high of $8.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.14 and a current ratio of 1.14. The business's 50 day moving average price is $5.65 and its two-hundred day moving average price is $7.04. The firm has a market cap of $3.01 billion, a PE ratio of 24.98 and a beta of 0.75.

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

Institutional Investors Weigh In On Global Business Travel Group

Several institutional investors have recently bought and sold shares of the stock. Attestor Capital Ltd bought a new stake in Global Business Travel Group during the fourth quarter worth $67,917,000. Invesco Ltd. grew its holdings in Global Business Travel Group by 20.9% during the fourth quarter. Invesco Ltd. now owns 141,062 shares of the company's stock worth $1,079,000 after buying an additional 24,353 shares in the last quarter. DCM Advisors LLC bought a new stake in Global Business Travel Group during the fourth quarter worth $410,000. Vident Advisory LLC bought a new stake in Global Business Travel Group during the fourth quarter worth $344,000. Finally, XTX Topco Ltd grew its holdings in Global Business Travel Group by 1,744.4% during the fourth quarter. XTX Topco Ltd now owns 232,689 shares of the company's stock worth $1,780,000 after buying an additional 220,073 shares in the last quarter. Institutional investors own 82.46% of the company's stock.

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.

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