Global Business Travel Group (NYSE:GBTG) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Global Business Travel Group from a "buy" to a "hold," and several brokers have trimmed price targets (Morgan Stanley $7, UBS $10, Citi $9, BTIG $9), while the consensus rating remains a “Moderate Buy” with a $9.40 consensus price target.
• The company beat quarterly estimates with $0.06 EPS (vs. $0.02 consensus) and $792M revenue (vs. $789.5M), but analysts still forecast a negative full-year EPS of about -$0.17.
• Shares opened at $5.47 and trade below the 50‑day ($6.11) and 200‑day ($7.25) averages; the stock has a $2.86B market cap, a 12‑month range of $4.95–$8.64, and roughly 82.46% institutional ownership.

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

Several other brokerages also recently weighed in on GBTG. Morgan Stanley cut their price target on Global Business Travel Group from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Monday, March 9th. UBS Group lowered their price objective on Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Tuesday, March 10th. Weiss Ratings upgraded Global Business Travel Group from a "sell (d)" rating to a "hold (c)" rating in a research note on Thursday, March 12th. Citigroup reduced 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. Finally, BTIG Research decreased 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. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.40.

Global Business Travel Group Stock Performance

Shares of NYSE GBTG opened at $5.47 on Friday. The company has a 50-day simple moving average of $6.11 and a 200-day simple moving average of $7.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $2.86 billion, a PE ratio of 23.76 and a beta of 0.77. Global Business Travel Group has a 12 month low of $4.95 and a 12 month high of $8.64.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.01% and a return on equity of 6.20%. The business had revenue of $792.00 million for the quarter, compared to the consensus estimate of $789.48 million. On average, equities analysts anticipate that Global Business Travel Group will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On Global Business Travel Group

Large investors have recently modified their holdings of the company. Redwood Capital Management LLC purchased a new stake in shares of Global Business Travel Group during the 3rd quarter worth about $173,347,000. Attestor Capital Ltd purchased a new position in Global Business Travel Group in the fourth quarter valued at approximately $67,917,000. Anchorage Capital Advisors L.P. purchased a new position in Global Business Travel Group in the third quarter valued at approximately $58,073,000. Monarch Alternative Capital LP acquired a new position in Global Business Travel Group during the third quarter valued at approximately $57,680,000. Finally, Vanguard Group Inc. lifted its position in Global Business Travel Group by 24.7% during the fourth quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company's stock valued at $106,010,000 after buying an additional 2,744,068 shares in the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

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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