Global Business Travel Group, Inc. (NYSE:GBTG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Global Business Travel Group, Inc. (NYSE:GBTG) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $9.40.

A number of equities analysts recently weighed in on GBTG shares. Zacks Research raised Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. BTIG Research decreased their target price on shares of Global Business Travel Group from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, March 9th. Citigroup dropped their target price on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Evercore boosted 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 report on Monday, December 1st. Finally, UBS Group reduced their price target on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th.

Global Business Travel Group Stock Performance

GBTG opened at $5.46 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. The firm has a market cap of $2.86 billion, a PE ratio of 23.72 and a beta of 0.77. The business has a fifty day simple moving average of $6.06 and a 200-day simple moving average of $7.22. Global Business Travel Group has a fifty-two week low of $4.95 and a fifty-two week high of $8.64.

Global Business Travel Group (NYSE:GBTG) last announced its earnings results on Monday, March 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Global Business Travel Group had a return on equity of 6.20% and a net margin of 4.01%.The company had revenue of $792.00 million for the quarter, compared to analyst estimates of $789.48 million. As a group, equities analysts predict that Global Business Travel Group will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in Global Business Travel Group during the third quarter valued at $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Global Business Travel Group during the 4th quarter worth about $32,000. Advisory Services Network LLC acquired a new stake in Global Business Travel Group during the 3rd quarter worth about $61,000. CWM LLC grew its stake in Global Business Travel Group by 21.1% during the 3rd quarter. CWM LLC now owns 7,630 shares of the company’s stock valued at $62,000 after acquiring an additional 1,332 shares in the last quarter. Finally, Creative Planning purchased a new position in Global Business Travel Group during the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

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.