Global Business Travel Group, Inc. (NYSE:GBTG) Stock Has Consensus Target Price of $8.89 According to Analysts

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $8.89.

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Global Business Travel Group in a report on Wednesday, August 12th. BTIG Research dropped coverage on shares of Global Business Travel Group in a report on Wednesday, September 30th. They issued a “neutral” rating on the stock.

Global Business Travel Group Price Performance

Shares of Global Business Travel Group stock opened at $9.50 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20. Global Business Travel Group has a one year low of $4.95 and a one year high of $9.56. The business’s 50 day simple moving average is $9.49 and its two-hundred day simple moving average is $8.11. The stock has a market capitalization of $4.96 billion, a P/E ratio of 55.88 and a beta of 0.93.

Global Business Travel Group (NYSE:GBTG) last issued its earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $810.60 million. Global Business Travel Group had a return on equity of 2.47% and a net margin of 2.77%. The firm’s quarterly revenue was up 37.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 earnings per share. Analysts forecast that Global Business Travel Group will post 0.18 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Karen Williams sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $9.43, for a total value of $188,600.00. Following the sale, the chief financial officer directly owned 548,257 shares of the company’s stock, valued at $5,170,063.51. This represents a 3.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric Bock sold 64,780 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $9.46, for a total transaction of $612,818.80. Following the sale, the insider directly owned 699,177 shares in the company, valued at $6,614,214.42. The trade was a 8.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 777,442 shares of company stock worth $7,333,521. 5.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Global Business Travel Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Maven Securities LTD purchased a new position in shares of Global Business Travel Group in the 2nd quarter worth $2,547,000. Squarepoint Ops LLC bought a new stake in shares of Global Business Travel Group during the second quarter valued at approximately $179,000. Allworth Financial LP boosted its holdings in shares of Global Business Travel Group by 683.3% during the 2nd quarter. Allworth Financial LP now owns 3,713 shares of the company’s stock valued at $35,000 after purchasing an additional 3,239 shares during the last quarter. Arizona State Retirement System increased its stake in Global Business Travel Group by 6.8% in the 2nd quarter. Arizona State Retirement System now owns 31,047 shares of the company’s stock worth $292,000 after acquiring an additional 1,966 shares during the last quarter. Finally, Carmignac Gestion purchased a new position in shares of Global Business Travel Group in the second quarter valued at $2,972,000. Institutional investors own 82.46% of the company’s stock.

About Global Business Travel Group

Global Business Travel Group, Inc is a business-to-business travel services company that provides corporate travel, meetings and events, and related travel-management solutions. Through its American Express Global Business Travel business, the company helps organizations plan, book, manage, and optimize employee travel while supporting travelers and travel managers with technology, consulting, and service capabilities.

The company’s offerings include corporate travel booking and servicing, travel policy and program management, meetings and events management, and travel and expense-related solutions.