Global Business Travel Group, Inc. (NYSE:GBTG) Receives $9.70 Consensus Target Price from Brokerages

Global Business Travel Group, Inc. (NYSE:GBTG) has earned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.70.

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group dropped their target price on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Finally, BTIG Research assumed coverage on shares of Global Business Travel Group in a report on Tuesday, March 18th. They issued a “buy” rating and a $10.00 target price for the company.

Institutional Trading of Global Business Travel Group

Several hedge funds have recently made changes to their positions in GBTG. Allspring Global Investments Holdings LLC purchased a new stake in shares of Global Business Travel Group during the 4th quarter valued at about $446,000. Handelsbanken Fonder AB purchased a new stake in shares of Global Business Travel Group during the 4th quarter valued at about $182,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Global Business Travel Group during the 4th quarter valued at about $112,000. Bank of New York Mellon Corp raised its position in shares of Global Business Travel Group by 45.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,234,252 shares of the company’s stock valued at $11,454,000 after buying an additional 384,560 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Global Business Travel Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,242 shares of the company’s stock worth $7,538,000 after purchasing an additional 5,723 shares during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Global Business Travel Group Price Performance

Shares of GBTG opened at $6.17 on Friday. The firm has a market cap of $2.95 billion, a PE ratio of -17.13 and a beta of 0.73. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. The firm has a fifty day simple moving average of $6.42 and a two-hundred day simple moving average of $7.80. Global Business Travel Group has a 1-year low of $5.78 and a 1-year high of $9.60.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. The firm had revenue of $621.00 million during the quarter, compared to the consensus estimate of $632.63 million. On average, equities analysts anticipate that Global Business Travel Group will post -0.17 EPS for the current year.

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.