Global Business Travel Group, Inc. (NYSE:GBTG) Given Consensus Rating of “Hold” by Brokerages

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have earned an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.25.

GBTG has been the subject of several recent research reports. Evercore ISI boosted their target price on shares of Global Business Travel Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, December 1st. Zacks Research downgraded Global Business Travel Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Global Business Travel Group in a research note on Monday, December 29th. Finally, Morgan Stanley lifted their target price on Global Business Travel Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th.

Global Business Travel Group Stock Down 1.4%

Shares of NYSE:GBTG opened at $8.14 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.23 and a current ratio of 1.23. Global Business Travel Group has a 52-week low of $5.78 and a 52-week high of $9.09. The business’s 50 day simple moving average is $7.70 and its two-hundred day simple moving average is $7.56. The firm has a market cap of $4.26 billion, a P/E ratio of 406.75 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). Global Business Travel Group had a net margin of 0.40% and a return on equity of 3.52%. The business had revenue of $674.00 million during the quarter, compared to analyst estimates of $615.39 million. Global Business Travel Group’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, research analysts forecast that Global Business Travel Group will post -0.17 EPS for the current fiscal year.

Institutional Trading of Global Business Travel Group

Several institutional investors and hedge funds have recently made changes to their positions in GBTG. Redwood Capital Management LLC purchased a new position in Global Business Travel Group during the third quarter worth about $173,347,000. Ares Management LLC increased its stake in Global Business Travel Group by 21.8% in the 2nd quarter. Ares Management LLC now owns 13,886,023 shares of the company’s stock valued at $87,482,000 after buying an additional 2,489,506 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Global Business Travel Group by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,113,383 shares of the company’s stock worth $89,796,000 after buying an additional 116,419 shares in the last quarter. Anchorage Capital Advisors L.P. purchased a new position in shares of Global Business Travel Group in the 3rd quarter worth approximately $58,073,000. Finally, Monarch Alternative Capital LP bought a new position in shares of Global Business Travel Group in the third quarter valued at approximately $57,680,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

About Global Business Travel Group

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.