Global Business Travel Group, Inc. (NYSE:GBTG) Receives $8.90 Consensus PT from Brokerages

Global Business Travel Group, Inc. (NYSE:GBTGGet Free Report) has been given an average rating of “Hold” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $8.90.

A number of analysts have recently issued reports on GBTG shares. Citigroup dropped their price objective on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Bank of America started coverage on shares of Global Business Travel Group in a report on Tuesday, April 7th. They set a “neutral” rating and a $6.50 price objective for the company. Weiss Ratings downgraded shares of Global Business Travel Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Morgan Stanley dropped their price objective on shares of Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 9th. Finally, BTIG Research downgraded shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th.

Read Our Latest Stock Analysis on GBTG

Global Business Travel Group Stock Down 0.2%

GBTG opened at $9.38 on Friday. The company has a fifty day moving average price of $6.27 and a 200-day moving average price of $6.84. The firm has a market capitalization of $4.91 billion, a P/E ratio of 55.15 and a beta of 0.75. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.18 and a quick ratio of 1.14. Global Business Travel Group has a one year low of $4.95 and a one year high of $9.54.

Global Business Travel Group (NYSE:GBTGGet Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The firm had revenue of $840.00 million during the quarter, compared to analyst estimates of $814.55 million. Global Business Travel Group’s revenue for the quarter was up 35.3% compared to the same quarter last year. Equities research analysts expect that Global Business Travel Group will post 0.18 earnings per share for the current fiscal year.

Institutional Trading of Global Business Travel Group

A number of hedge funds have recently made changes to their positions in GBTG. Redwood Capital Management LLC bought a new stake in shares of Global Business Travel Group during the 3rd quarter worth $173,347,000. Attestor Capital Ltd purchased a new position in Global Business Travel Group in the 4th quarter worth $67,917,000. Anchorage Capital Advisors L.P. purchased a new position in Global Business Travel Group in the 3rd quarter worth $58,073,000. Monarch Alternative Capital LP purchased a new position in Global Business Travel Group in the 3rd quarter worth $57,680,000. Finally, Vanguard Group Inc. raised its position in Global Business Travel Group by 24.7% in the 4th quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock worth $106,010,000 after purchasing an additional 2,744,068 shares during the period. 82.46% of the stock is owned by institutional investors.

Global Business Travel Group Company Profile

(Get Free Report)

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.

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