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

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have been given an average recommendation of “Hold” by the eight analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.90.

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $8.20 price target on Global Business Travel Group in a research note on Wednesday, March 11th. Weiss Ratings cut Global Business Travel Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Lake Street Capital set a $9.50 target price on Global Business Travel Group in a research report on Monday, May 4th. Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen lowered shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in Global Business Travel Group during the third quarter valued at $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Global Business Travel Group during the 4th quarter valued at about $32,000. Advisory Services Network LLC purchased a new position in shares of Global Business Travel Group during the 3rd quarter valued at about $61,000. CWM LLC lifted its holdings in shares of Global Business Travel Group by 21.1% in the 3rd quarter. CWM LLC now owns 7,630 shares of the company’s stock valued at $62,000 after buying an additional 1,332 shares during the period. Finally, Creative Planning acquired a new position in shares of Global Business Travel Group in the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Trading Up 0.1%

NYSE:GBTG opened at $9.40 on Friday. Global Business Travel Group has a 12 month low of $4.95 and a 12 month high of $9.54. The firm has a fifty day simple moving average of $6.11 and a 200-day simple moving average of $6.82. 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 market capitalization of $4.92 billion, a P/E ratio of 55.26 and a beta of 0.75.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The firm had revenue of $840.00 million for the quarter, compared to analyst estimates of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.59%. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year. On average, equities research analysts anticipate that Global Business Travel Group will post 0.18 earnings per share for the current year.

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.