Global Business Travel Group (NYSE:GBTG) Hits New 12-Month Low – Should You Sell?

Global Business Travel Group, Inc. (NYSE:GBTG) shares hit a new 52-week low during trading on Thursday . The company traded as low as $5.74 and last traded at $5.7150, with a volume of 106969 shares trading hands. The stock had previously closed at $6.01.

Wall Street Analyst Weigh In

GBTG has been the topic of a number of recent analyst reports. Evercore ISI upped their target price on 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. Zacks Research upgraded shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Morgan Stanley boosted their target price on shares of Global Business Travel Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Global Business Travel Group in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.25.

Global Business Travel Group Stock Performance

The stock’s 50-day moving average price is $7.62 and its 200-day moving average price is $7.68. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $2.96 billion, a P/E ratio of 282.25 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG) last announced its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share 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 firm had revenue of $674.00 million for the quarter, compared to the consensus estimate of $615.39 million. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, equities analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in shares of Global Business Travel Group during the 3rd quarter worth $26,000. CWM LLC lifted its holdings in shares of Global Business Travel Group by 262.6% during the second quarter. CWM LLC now owns 6,298 shares of the company’s stock valued at $40,000 after purchasing an additional 4,561 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Global Business Travel Group in the 3rd quarter valued at $61,000. Creative Planning purchased a new position in Global Business Travel Group in the 2nd quarter worth about $67,000. Finally, Quadrature Capital Ltd acquired a new stake in Global Business Travel Group during the 2nd quarter worth about $71,000. 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.