Brokerages Set Global Business Travel Group, Inc. (NYSE:GBTG) PT at $10.25

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have been assigned an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $10.25.

Several brokerages have commented on GBTG. Morgan Stanley raised their price target on shares of 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Global Business Travel Group in a report on Monday, December 29th. Zacks Research raised Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Wall Street Zen upgraded Global Business Travel Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Evercore lifted their price objective on Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, December 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Redwood Capital Management LLC acquired a new stake in shares of Global Business Travel Group in the 3rd quarter valued at $173,347,000. Attestor Capital Ltd purchased a new position in Global Business Travel Group in the fourth quarter valued at $67,917,000. Anchorage Capital Advisors L.P. purchased a new position in Global Business Travel Group in the third quarter valued at $58,073,000. Monarch Alternative Capital LP acquired a new stake in Global Business Travel Group in the third quarter valued at $57,680,000. Finally, Vanguard Group Inc. boosted its position in shares of Global Business Travel Group by 24.7% during the 4th quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock worth $106,010,000 after acquiring an additional 2,744,068 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Stock Up 2.9%

Shares of NYSE:GBTG opened at $5.12 on Friday. The firm has a market capitalization of $2.68 billion, a PE ratio of 255.75 and a beta of 0.73. Global Business Travel Group has a 1 year low of $4.95 and a 1 year high of $8.76. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 1.23. The firm’s 50-day moving average is $6.93 and its two-hundred day moving average is $7.55.

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.