Global Business Travel Group, Inc. (NYSE:GBTG) Receives Consensus Recommendation of “Hold” from Analysts

Global Business Travel Group, Inc. (NYSE:GBTG) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $8.90.

Several analysts have recently commented on GBTG shares. UBS Group decreased their target price on Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Evercore cut Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 15th. BTIG Research cut Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Finally, Morgan Stanley decreased their target price on Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th.

Global Business Travel Group Price Performance

Shares of GBTG stock opened at $9.36 on Tuesday. The stock’s fifty day moving average is $7.56 and its 200-day moving average is $7.04. 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 capitalization of $4.88 billion, a PE ratio of 55.03 and a beta of 0.93. 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 announced its 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 company had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group had a return on equity of 2.51% and a net margin of 2.93%.The company’s revenue was up 35.3% compared to the same quarter last year. Equities research analysts expect that Global Business Travel Group will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling at Global Business Travel Group

In other news, CEO Paul G. Abbott sold 8,745 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $9.36, for a total transaction of $81,853.20. Following the sale, the chief executive officer owned 3,547,211 shares in the company, valued at approximately $33,201,894.96. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Peter Bush sold 17,500 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $9.36, for a total value of $163,800.00. Following the completion of the transaction, the director owned 120,526 shares in the company, valued at approximately $1,128,123.36. This represents a 12.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Global Business Travel Group

Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Global Business Travel Group in the third quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Global Business Travel Group in the fourth quarter valued at about $32,000. Advisory Services Network LLC bought a new position in Global Business Travel Group in the third quarter valued at about $61,000. Russell Investments Group Ltd. boosted its holdings in Global Business Travel Group by 1,238.9% in the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock valued at $73,000 after acquiring an additional 8,350 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in Global Business Travel Group in the third quarter valued at about $81,000. 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.