Brokerages Set Global Business Travel Group, Inc. (NYSE:GBTG) Target Price at $9.88

Global Business Travel Group, Inc. (NYSE:GBTG) has been given a consensus recommendation of “Hold” by the four brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.00.

Several equities research analysts have recently issued reports on GBTG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Global Business Travel Group in a research note on Saturday, September 27th. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. UBS Group raised their target price on shares of Global Business Travel Group from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, BTIG Research upped their price target on shares of Global Business Travel Group from $8.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 27th.

Global Business Travel Group Trading Up 0.1%

Shares of GBTG opened at $8.01 on Friday. Global Business Travel Group has a fifty-two week low of $5.78 and a fifty-two week high of $9.60. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.66 and a current ratio of 1.66. The company’s fifty day moving average is $7.81 and its 200 day moving average is $6.97. The stock has a market capitalization of $3.83 billion, a PE ratio of -61.58 and a beta of 0.74.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $624.12 million. Global Business Travel Group had a negative net margin of 2.34% and a negative return on equity of 2.19%. Global Business Travel Group has set its FY 2025 guidance at EPS. Sell-side analysts expect that Global Business Travel Group will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Business Travel Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Ares Management LLC lifted its stake in shares of 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 worth $87,482,000 after acquiring an additional 2,489,506 shares during the last quarter. Par Capital Management Inc. increased its stake in Global Business Travel Group by 37.1% in the second quarter. Par Capital Management Inc. now owns 1,024,014 shares of the company’s stock worth $6,451,000 after purchasing an additional 277,284 shares during the period. PB Investment Partners L.P. lifted its position in shares of Global Business Travel Group by 36.2% during the second quarter. PB Investment Partners L.P. now owns 835,496 shares of the company’s stock worth $5,264,000 after purchasing an additional 222,232 shares during the last quarter. Advantage Alpha Capital Partners LP boosted its stake in shares of Global Business Travel Group by 13.0% during the second quarter. Advantage Alpha Capital Partners LP now owns 795,691 shares of the company’s stock valued at $5,013,000 after purchasing an additional 91,374 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in shares of Global Business Travel Group by 218.4% during the first quarter. Golden State Wealth Management LLC now owns 776,310 shares of the company’s stock valued at $5,636,000 after purchasing an additional 532,458 shares during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Global Business Travel Group Company Profile

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.