Global Business Travel Group, Inc. (NYSE:GBTG) Receives Average Rating of “Hold” from Brokerages

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Six research 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 analysts that have covered the stock in the last year is $8.90.

Several analysts recently commented on GBTG shares. Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft set a $8.20 target price on shares of Global Business Travel Group in a research note on Wednesday, March 11th. Weiss Ratings upgraded shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. UBS Group reduced their target price on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Finally, Evercore cut shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th.

Institutional Trading of Global Business Travel Group

A number of institutional investors have recently added to or reduced their stakes in GBTG. AQR Capital Management LLC lifted its stake in Global Business Travel Group by 169.9% in the first quarter. AQR Capital Management LLC now owns 64,060 shares of the company’s stock valued at $465,000 after acquiring an additional 40,328 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Global Business Travel Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock worth $541,000 after buying an additional 3,238 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 worth $5,347,000 after buying an additional 294,527 shares during the last quarter. Creative Planning acquired a new stake in shares of Global Business Travel Group in the second quarter worth $67,000. Finally, Legal & General Group Plc lifted its stake in shares of Global Business Travel Group by 4.0% in the second quarter. Legal & General Group Plc now owns 112,365 shares of the company’s stock worth $708,000 after buying an additional 4,308 shares during the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Global Business Travel Group Stock Performance

GBTG stock opened at $9.35 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $4.87 billion, a P/E ratio of 54.97 and a beta of 0.93. The firm has a 50 day simple moving average of $7.17 and a 200 day simple moving average of $6.97. Global Business Travel Group has a 52 week low of $4.95 and a 52 week high of $9.54.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. Global Business Travel Group’s quarterly revenue was up 35.3% on a year-over-year basis. Research analysts anticipate that Global Business Travel Group will post 0.18 earnings per share for the current fiscal year.

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.