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

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $8.90.

GBTG has been the topic of several analyst reports. Citigroup dropped their target price on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Bank of America initiated coverage on shares of Global Business Travel Group in a research report on Tuesday, April 7th. They issued a “neutral” rating and a $6.50 target price on the stock. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Morgan Stanley dropped their target price on shares of Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th.

Global Business Travel Group Stock Performance

Shares of GBTG opened at $9.35 on Tuesday. The firm’s 50 day moving average is $7.17 and its 200-day moving average is $6.97. The stock has a market capitalization of $4.87 billion, a P/E ratio of 54.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.18 and a quick ratio of 1.18. Global Business Travel Group has a 12-month low of $4.95 and a 12-month high of $9.54.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.10 earnings per share (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 net margin of 2.93% and a return on equity of 2.51%. The company’s quarterly revenue was up 35.3% compared to the same quarter last year. Equities research analysts anticipate that Global Business Travel Group will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Redwood Capital Management LLC purchased a new position in shares of Global Business Travel Group in the third quarter worth approximately $173,347,000. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 2,744,068 shares during the period. Attestor Capital Ltd acquired a new stake in shares of Global Business Travel Group during the fourth quarter worth approximately $67,917,000. Monarch Alternative Capital LP boosted its holdings in shares of Global Business Travel Group by 9.3% during the first quarter. Monarch Alternative Capital LP now owns 7,800,000 shares of the company’s stock worth $43,524,000 after purchasing an additional 661,418 shares during the period. Finally, Anchorage Capital Advisors L.P. acquired a new stake in shares of Global Business Travel Group during the third quarter worth approximately $58,073,000. 82.46% of the stock is owned by hedge funds and other 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.