Brokerages Set Global Business Travel Group, Inc. (NYSE:GBTG) Target Price at $10.25

Global Business Travel Group, Inc. (NYSE:GBTG) has earned an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.25.

GBTG has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Global Business Travel Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Evercore ISI raised their price objective on Global Business Travel Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, December 1st. Zacks Research raised Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Global Business Travel Group in a report on Monday, December 29th.

Global Business Travel Group Price Performance

Global Business Travel Group stock opened at $6.85 on Wednesday. The firm has a market capitalization of $3.59 billion, a P/E ratio of 342.50 and a beta of 0.73. Global Business Travel Group has a 1 year low of $5.78 and a 1 year high of $9.03. The business has a 50-day moving average of $7.70 and a 200-day moving average of $7.67. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.89.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share 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 net margin of 0.40% and a return on equity of 3.52%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities analysts anticipate that Global Business Travel Group will post -0.17 EPS for the current year.

Institutional Trading of Global Business Travel Group

Several hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its holdings in shares of Global Business Travel Group by 21.1% in the third 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 boosted its stake in Global Business Travel Group by 6.5% in the 2nd quarter. State of Wyoming now owns 40,964 shares of the company’s stock worth $258,000 after purchasing an additional 2,504 shares during the period. Occudo Quantitative Strategies LP boosted its stake in Global Business Travel Group by 3.6% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 88,122 shares of the company’s stock worth $555,000 after purchasing an additional 3,068 shares during the period. Quantbot Technologies LP bought a new position in Global Business Travel Group during the 3rd quarter worth about $26,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Global Business Travel Group by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock valued at $541,000 after purchasing an additional 3,238 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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.