Global Business Travel Group (NYSE:GBTG) Stock Rating Lowered by Wall Street Zen

Global Business Travel Group (NYSE:GBTG - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Several other equities analysts have also weighed in on the stock. BTIG Research assumed coverage on shares of Global Business Travel Group in a report on Tuesday, March 18th. They set a "buy" rating and a $10.00 price objective on the stock. UBS Group reduced their price objective on shares of Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.70.

Global Business Travel Group Stock Performance

Shares of GBTG stock traded down $0.13 on Friday, reaching $6.03. The stock had a trading volume of 1,323,440 shares, compared to its average volume of 915,815. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.21. The firm's 50-day moving average is $6.40 and its two-hundred day moving average is $7.79. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -60.30 and a beta of 0.73. Global Business Travel Group has a 12 month low of $5.78 and a 12 month high of $9.60.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. The company had revenue of $621.00 million during the quarter, compared to the consensus estimate of $632.63 million. Global Business Travel Group had a negative return on equity of 0.61% and a negative net margin of 1.81%. On average, research analysts expect that Global Business Travel Group will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Business Travel Group

Several hedge funds have recently bought and sold shares of GBTG. Skandinaviska Enskilda Banken AB publ lifted its position in 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 valued at $26,000 after purchasing an additional 2,199 shares during the period. Quarry LP bought a new stake in shares of Global Business Travel Group in the 1st quarter worth about $26,000. Federated Hermes Inc. bought a new stake in shares of Global Business Travel Group in the 1st quarter worth about $27,000. Neo Ivy Capital Management bought a new stake in shares of Global Business Travel Group in the 1st quarter worth about $29,000. Finally, State of Wyoming purchased a new position in shares of Global Business Travel Group during the 4th quarter worth about $31,000. Institutional investors own 82.46% of the company's stock.

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.