Global Business Travel Group (NYSE:GBTG) Downgraded to Strong Sell Rating by Zacks Research

Global Business Travel Group (NYSE:GBTG) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley boosted their price objective on Global Business Travel Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday. BTIG Research boosted their target price on Global Business Travel Group from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Wall Street Zen downgraded Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. UBS Group boosted their price objective on shares of Global Business Travel Group from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Global Business Travel Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.67.

Global Business Travel Group Stock Performance

NYSE GBTG opened at $7.17 on Wednesday. Global Business Travel Group has a twelve month low of $5.78 and a twelve month high of $9.60. The business has a 50-day moving average price of $7.98 and a 200-day moving average price of $7.16. The company has a quick ratio of 1.66, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 358.25 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). The company had revenue of $674.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 12.9% on a year-over-year basis. Global Business Travel Group has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Global Business Travel Group will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Business Travel Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GBTG. CWM LLC boosted its position in 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. State of Wyoming increased its stake in shares of Global Business Travel Group by 6.5% during the second quarter. State of Wyoming now owns 40,964 shares of the company’s stock worth $258,000 after buying an additional 2,504 shares during the period. Occudo Quantitative Strategies LP lifted its stake in Global Business Travel Group by 3.6% in the second quarter. Occudo Quantitative Strategies LP now owns 88,122 shares of the company’s stock worth $555,000 after acquiring an additional 3,068 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Global Business Travel Group in the 3rd quarter valued at approximately $26,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Global Business Travel Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock worth $541,000 after purchasing an additional 3,238 shares during the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

About Global Business Travel Group

Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.