Weiss Ratings Reiterates Sell (D-) Rating for Global Business Travel Group (NYSE:GBTG)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Global Business Travel Group (NYSE:GBTG) in a recent research note.
• Despite the negative rating from Weiss, analysts from UBS and BTIG have set target prices of $11.00 and $10.00 respectively, indicating mixed sentiment among analysts.
• Global Business Travel Group reported a quarterly earnings beat with $0.03 EPS against an expected $0.02 EPS and generated revenues of $631 million.

Global Business Travel Group (NYSE:GBTG - Get Free Report)'s stock had its "sell (d-)" rating restated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

GBTG has been the topic of several other reports. UBS Group raised their target price on Global Business Travel Group from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen lowered Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, BTIG Research raised their price objective on Global Business Travel Group from $8.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.00.

Global Business Travel Group Trading Down 0.3%

Shares of NYSE:GBTG opened at $7.78 on Wednesday. Global Business Travel Group has a 52-week low of $5.78 and a 52-week high of $9.60. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -59.85 and a beta of 0.74. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average price of $7.89 and a 200-day moving average price of $6.98.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $631.00 million during the quarter, compared to analysts' expectations of $624.12 million. Global Business Travel Group had a negative return on equity of 2.19% and a negative net margin of 2.34%. Global Business Travel Group has set its FY 2025 guidance at EPS. Equities analysts predict that Global Business Travel Group will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Global Business Travel Group

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Global Business Travel Group by 2,340.7% in the first 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Global Business Travel Group by 66.6% in the first quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company's stock valued at $5,347,000 after buying an additional 294,527 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Global Business Travel Group by 13.9% in the first quarter. Rhumbline Advisers now owns 179,539 shares of the company's stock valued at $1,303,000 after buying an additional 21,976 shares in the last quarter. Strs Ohio acquired a new stake in shares of Global Business Travel Group in the first quarter valued at $297,000. Finally, American Century Companies Inc. acquired a new position in Global Business Travel Group during the 1st quarter worth $455,000. 82.46% of the stock is owned by institutional investors and hedge funds.

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.

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