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

Global Business Travel Group, Inc. (NYSE:GBTG) has been assigned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.25.

A number of equities analysts recently issued reports on the stock. 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. Evercore ISI increased 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. Weiss Ratings reissued a “sell (d)” rating on shares of Global Business Travel Group in a research report on Monday, December 29th. Finally, Morgan Stanley upped their price objective on Global Business Travel Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th.

Global Business Travel Group Trading Down 2.7%

NYSE:GBTG opened at $6.96 on Wednesday. The firm has a market capitalization of $3.64 billion, a P/E ratio of 347.75 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. Global Business Travel Group has a one year low of $5.78 and a one year high of $9.05. The company’s 50-day simple moving average is $7.70 and its 200 day simple moving average is $7.68.

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

Institutional Investors Weigh In On Global Business Travel Group

Several large investors have recently bought and sold shares of GBTG. Redwood Capital Management LLC bought a new position in Global Business Travel Group during the 3rd quarter valued at about $173,347,000. Anchorage Capital Advisors L.P. bought a new position in Global Business Travel Group during the third quarter valued at approximately $58,073,000. Monarch Alternative Capital LP purchased a new stake in Global Business Travel Group in the third quarter worth approximately $57,680,000. Boundary Creek Advisors LP purchased a new stake in Global Business Travel Group in the third quarter worth approximately $22,911,000. Finally, Ares Management LLC grew its position in Global Business Travel Group by 21.8% in the 2nd quarter. Ares Management LLC now owns 13,886,023 shares of the company’s stock worth $87,482,000 after purchasing an additional 2,489,506 shares during the period. 82.46% of the stock is currently owned by institutional investors.

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.