Global Business Travel Group (NYSE:GBTG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Global Business Travel Group (NYSE:GBTG) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other research firms also recently commented on GBTG. Evercore upped their price target on shares of Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Weiss Ratings restated a “sell (d)” rating on shares of Global Business Travel Group in a research report on Monday, December 29th. Zacks Research raised Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. 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 note on Tuesday, November 11th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.25.

Global Business Travel Group Price Performance

Shares of NYSE:GBTG opened at $4.98 on Friday. Global Business Travel Group has a 12 month low of $4.95 and a 12 month high of $8.76. The firm has a market capitalization of $2.61 billion, a P/E ratio of 248.80 and a beta of 0.73. 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 company’s fifty day moving average price is $6.98 and its 200 day moving average price is $7.57.

Institutional Trading of Global Business Travel Group

Institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in Global Business Travel Group in the third quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Global Business Travel Group during the 4th quarter worth approximately $32,000. CWM LLC grew its holdings in shares of Global Business Travel Group by 262.6% in the 2nd quarter. CWM LLC now owns 6,298 shares of the company’s stock worth $40,000 after acquiring an additional 4,561 shares during the period. Advisory Services Network LLC purchased a new position in Global Business Travel Group in the 3rd quarter valued at approximately $61,000. Finally, Creative Planning purchased a new position in Global Business Travel Group in the 2nd quarter valued at approximately $67,000. 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.