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 note issued to investors on Saturday.
Several other research firms have also weighed in on GBTG. Deutsche Bank Aktiengesellschaft set a $8.20 target price on Global Business Travel Group in a report on Wednesday, March 11th. Bank of America assumed coverage on shares of Global Business Travel Group in a research report on Tuesday, April 7th. They issued a "neutral" rating and a $6.50 price target on the stock. Zacks Research upgraded shares of Global Business Travel Group from a "strong sell" rating to a "hold" rating in a research note on Friday, January 9th. Weiss Ratings lowered shares of Global Business Travel Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, May 1st. Finally, Citigroup dropped their target price on shares of Global Business Travel Group from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $8.90.
Get Our Latest Stock Analysis on Global Business Travel Group
Global Business Travel Group Trading Down 0.0%
Shares of NYSE:GBTG opened at $9.44 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 stock has a market capitalization of $4.94 billion, a PE ratio of 55.51, a P/E/G ratio of 1.83 and a beta of 0.75. Global Business Travel Group has a 1 year low of $4.95 and a 1 year high of $9.54. The firm has a fifty day moving average price of $5.88 and a 200 day moving average price of $6.79.
Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $840.00 million for the quarter, compared to analyst estimates of $814.55 million. Global Business Travel Group had a return on equity of 2.59% and a net margin of 2.93%.Global Business Travel Group's revenue for the quarter was up 35.3% on a year-over-year basis. Analysts expect that Global Business Travel Group will post 0.18 EPS for the current fiscal year.
Institutional Investors Weigh In On Global Business Travel Group
A number of institutional investors have recently added to or reduced their stakes in GBTG. Quantbot Technologies LP acquired a new position in shares of Global Business Travel Group in the 3rd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Global Business Travel Group in the 4th quarter valued at $32,000. Advisory Services Network LLC bought a new stake in Global Business Travel Group in the third quarter valued at $61,000. CWM LLC raised its stake in Global Business Travel Group by 21.1% during the third quarter. CWM LLC now owns 7,630 shares of the company's stock worth $62,000 after acquiring an additional 1,332 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Global Business Travel Group by 1,238.9% during the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company's stock valued at $73,000 after acquiring an additional 8,350 shares during the period. 82.46% of the stock is owned by institutional investors and hedge funds.
About Global Business Travel Group
(
Get Free Report)
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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