Global Business Travel Group (NYSE:GBTG) Cut to Hold at Wall Street Zen

Global Business Travel Group (NYSE:GBTG) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings upgraded Global Business Travel Group from a “sell (d)” rating to a “hold (c)” rating in a research note on Thursday, March 12th. Morgan Stanley decreased their price target on 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. BTIG Research lowered their price objective on shares of Global Business Travel Group from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, March 9th. UBS Group dropped their price objective on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Zacks Research raised shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.40.

Global Business Travel Group Stock Down 0.6%

Shares of Global Business Travel Group stock opened at $5.47 on Friday. Global Business Travel Group has a twelve month low of $4.95 and a twelve month high of $8.64. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 23.76 and a beta of 0.77. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average price of $6.11 and a 200 day moving average price of $7.25.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings data on Monday, March 9th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $792.00 million for the quarter, compared to analyst estimates of $789.48 million. Global Business Travel Group had a return on equity of 6.20% and a net margin of 4.01%. Equities research analysts forecast that Global Business Travel Group will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GBTG. Redwood Capital Management LLC acquired a new stake in Global Business Travel Group during the 3rd quarter valued at approximately $173,347,000. Attestor Capital Ltd acquired a new position in shares of Global Business Travel Group in the 4th quarter valued at approximately $67,917,000. Anchorage Capital Advisors L.P. purchased a new position in shares of Global Business Travel Group during the 3rd quarter valued at approximately $58,073,000. Monarch Alternative Capital LP purchased a new position in shares of Global Business Travel Group during the 3rd quarter valued at approximately $57,680,000. Finally, Vanguard Group Inc. grew its position in shares of Global Business Travel Group by 24.7% during the fourth quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock worth $106,010,000 after buying an additional 2,744,068 shares in the last quarter. 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.