UBS Group Issues Positive Forecast for Global Business Travel Group (NYSE:GBTG) Stock Price

Key Points

• UBS Group raised its target price for Global Business Travel Group (GBTG) from $10.00 to $11.00, indicating a potential upside of 51.00% from the current price, while maintaining a "buy" rating.
• Wall Street Zen downgraded the stock to a "hold" rating, resulting in mixed ratings among analysts, with four analysts maintaining a "buy" rating and an average consensus target price of $9.90.
• Shares of GBTG have experienced a 12.1% increase, reaching $7.29, with 324,788 shares traded as the stock continues to show interest from institutional investors.

Global Business Travel Group (NYSE:GBTG - Get Free Report) had its target price lifted by investment analysts at UBS Group from $10.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's target price points to a potential upside of 49.15% from the stock's previous close.

Separately, Wall Street Zen cut Global Business Travel Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $9.88.

Global Business Travel Group Stock Performance

Shares of NYSE:GBTG traded up $0.13 during trading on Wednesday, reaching $7.38. The company had a trading volume of 162,560 shares, compared to its average volume of 909,266. Global Business Travel Group has a fifty-two week low of $5.78 and a fifty-two week high of $9.60. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.66 and a quick ratio of 1.60. The stock's fifty day moving average price is $6.43 and its 200 day moving average price is $7.10. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of -56.73 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $631.00 million for the quarter, compared to analyst estimates of $624.12 million. Global Business Travel Group had a negative net margin of 2.34% and a negative return on equity of 2.19%. As a group, equities research analysts predict that Global Business Travel Group will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Global Business Travel Group

Several hedge funds have recently added to or reduced their stakes in GBTG. State of Wyoming purchased a new stake in shares of Global Business Travel Group in the fourth quarter valued at about $31,000. Quarry LP acquired a new position in shares of Global Business Travel Group during the 1st quarter worth approximately $26,000. Federated Hermes Inc. purchased a new stake in Global Business Travel Group in the 1st quarter valued at approximately $27,000. Neo Ivy Capital Management purchased a new stake in Global Business Travel Group in the 1st quarter valued at approximately $29,000. Finally, GAMMA Investing LLC grew its holdings in Global Business Travel Group by 2,340.7% during the 1st quarter. GAMMA Investing LLC now owns 5,394 shares of the company's stock valued at $39,000 after buying an additional 5,173 shares during 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, 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.