Global Business Travel Group (NYSE:GBTG) Rating Increased to Buy at Wall Street Zen

Global Business Travel Group (NYSE:GBTG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also weighed in on GBTG. Zacks Research upgraded Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Evercore raised their target price on shares of Global Business Travel Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Morgan Stanley lifted their target price 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. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Global Business Travel Group in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Global Business Travel Group presently has an average rating of “Hold” and an average price target of $10.25.

Global Business Travel Group Price Performance

NYSE GBTG opened at $5.45 on Friday. Global Business Travel Group has a 1 year low of $5.03 and a 1 year high of $8.86. The business’s fifty day moving average is $7.04 and its two-hundred day moving average is $7.57. The stock has a market capitalization of $2.85 billion, a P/E ratio of 272.25 and a beta of 0.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.23 and a current ratio of 1.23.

Institutional Investors Weigh In On Global Business Travel Group

Institutional investors have recently modified their holdings of the stock. Redwood Capital Management LLC acquired a new position in shares of Global Business Travel Group in the third quarter worth $173,347,000. Ares Management LLC grew its stake in Global Business Travel Group by 21.8% in the second quarter. Ares Management LLC now owns 13,886,023 shares of the company’s stock valued at $87,482,000 after purchasing an additional 2,489,506 shares in the last quarter. Vanguard Group Inc. increased its position in Global Business Travel Group by 24.7% in the 4th quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock worth $106,010,000 after purchasing an additional 2,744,068 shares during the last quarter. Attestor Capital Ltd purchased a new stake in shares of Global Business Travel Group during the 4th quarter worth about $67,917,000. Finally, Anchorage Capital Advisors L.P. acquired a new stake in shares of Global Business Travel Group during the 3rd quarter valued at about $58,073,000. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Company Profile

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.