Global Business Travel Group, Inc. (NYSE:GBTG) Given Consensus Rating of “Moderate Buy” by Brokerages

Global Business Travel Group, Inc. (NYSE:GBTG) has earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $9.40.

GBTG has been the topic of several analyst reports. Wall Street Zen upgraded Global Business Travel Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings upgraded Global Business Travel Group from a “sell (d)” rating to a “hold (c)” rating in a report on Thursday, March 12th. Evercore increased their price target on Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. BTIG Research decreased their price objective on Global Business Travel Group from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Finally, UBS Group lowered their price objective on Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Attestor Capital Ltd purchased a new stake in shares of Global Business Travel Group in the 4th quarter valued at approximately $67,917,000. Invesco Ltd. lifted its position in shares of Global Business Travel Group by 20.9% during the 4th quarter. Invesco Ltd. now owns 141,062 shares of the company’s stock worth $1,079,000 after purchasing an additional 24,353 shares during the last quarter. DCM Advisors LLC acquired a new position in shares of Global Business Travel Group during the fourth quarter worth $410,000. Vident Advisory LLC acquired a new position in shares of Global Business Travel Group during the fourth quarter worth $344,000. Finally, XTX Topco Ltd increased its holdings in Global Business Travel Group by 1,744.4% in the fourth quarter. XTX Topco Ltd now owns 232,689 shares of the company’s stock valued at $1,780,000 after buying an additional 220,073 shares during the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Trading Down 2.8%

Shares of GBTG stock opened at $5.59 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $2.93 billion, a P/E ratio of 24.30 and a beta of 0.77. The company has a 50 day moving average price of $6.22 and a 200 day moving average price of $7.29. Global Business Travel Group has a fifty-two week low of $4.95 and a fifty-two week high of $8.64.

Global Business Travel Group (NYSE:GBTG) last released its earnings results on Monday, March 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $792.00 million for the quarter, compared to analyst estimates of $789.48 million. Global Business Travel Group had a net margin of 4.01% and a return on equity of 6.20%. Equities research analysts predict that Global Business Travel Group will post -0.17 EPS for the current fiscal year.

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.