Global Business Travel Group, Inc. (NYSE:GBTG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $10.25.

GBTG has been the topic of several recent analyst reports. Wall Street Zen upgraded Global Business Travel Group from a “hold” rating to a “buy” rating in a research note on Saturday. Evercore increased their target price on shares of Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Global Business Travel Group in a research report on Monday, December 29th. Morgan Stanley upped their price objective 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, Zacks Research upgraded shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th.

Global Business Travel Group Stock Up 1.2%

GBTG stock opened at $5.45 on Friday. The firm has a market capitalization of $2.85 billion, a PE ratio of 272.25 and a beta of 0.73. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. Global Business Travel Group has a twelve month low of $5.03 and a twelve month high of $8.86. The stock’s 50 day moving average is $7.04 and its 200-day moving average is $7.58.

Institutional Trading of Global Business Travel Group

Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Global Business Travel Group in the third quarter worth $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Global Business Travel Group during the 4th quarter worth $32,000. CWM LLC boosted its holdings in shares of Global Business Travel Group by 262.6% in the 2nd quarter. CWM LLC now owns 6,298 shares of the company’s stock worth $40,000 after buying an additional 4,561 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Global Business Travel Group in the 3rd quarter worth about $61,000. Finally, Creative Planning bought a new position in Global Business Travel Group during the second quarter valued at about $67,000. 82.46% of the stock is currently owned by institutional investors.

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.