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

by · The Cerbat Gem

Global Business Travel Group, Inc. (NYSE:GBTG – Get Free Report) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $10.25.

A number of brokerages have recently weighed in on GBTG. Zacks Research downgraded Global Business Travel Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Evercore ISI lifted their price objective on shares of Global Business Travel Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Morgan Stanley boosted their target price on shares of Global Business Travel Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Global Business Travel Group in a research report on Monday, December 29th.

View Our Latest Report on Global Business Travel Group

Hedge Funds Weigh In On Global Business Travel Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Redwood Capital Management LLC bought a new stake in Global Business Travel Group in the third quarter valued at $173,347,000. Anchorage Capital Advisors L.P. bought a new position in shares of Global Business Travel Group during the third quarter worth about $58,073,000. Monarch Alternative Capital LP acquired a new stake in shares of Global Business Travel Group in the 3rd quarter worth about $57,680,000. Boundary Creek Advisors LP bought a new stake in Global Business Travel Group in the 3rd quarter valued at about $22,911,000. Finally, Ares Management LLC boosted its stake in Global Business Travel Group by 21.8% during the 2nd quarter. Ares Management LLC now owns 13,886,023 shares of the company’s stock valued at $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 and hedge funds.

Global Business Travel Group Price Performance

GBTG opened at $8.00 on Friday. The company has a market capitalization of $4.19 billion, a P/E ratio of 399.75 and a beta of 0.73. The company has a 50-day moving average of $7.69 and a 200-day moving average of $7.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.23 and a current ratio of 1.23. Global Business Travel Group has a 1-year low of $5.78 and a 1-year high of $9.09.

Global Business Travel Group (NYSE:GBTG – Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The firm had revenue of $674.00 million during the quarter, compared to analyst estimates of $615.39 million. Global Business Travel Group had a return on equity of 3.52% and a net margin of 0.40%.The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities analysts expect that Global Business Travel Group will post -0.17 EPS for the current fiscal year.

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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