Global Business Travel Group, Inc. (NYSE:GBTG) Receives $10.25 Average PT from Brokerages

by · The Markets Daily

Global Business Travel Group, Inc. (NYSE:GBTG – Get Free Report) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $10.25.

Several equities research analysts have recently weighed in on GBTG shares. Weiss Ratings reissued a “sell (d)” rating on shares of Global Business Travel Group in a report on Monday. Morgan Stanley upped their price target on shares of Global Business Travel Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. BTIG Research increased their price target on shares of Global Business Travel Group from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Evercore ISI lifted their price objective on shares of Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Finally, Zacks Research cut shares of Global Business Travel Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th.

Check Out Our Latest Research Report on GBTG

Institutional Trading of Global Business Travel Group

Hedge funds have recently added to or reduced their stakes in the stock. Redwood Capital Management LLC acquired a new position in shares of Global Business Travel Group in the third quarter valued at approximately $173,347,000. Anchorage Capital Advisors L.P. purchased a new position in Global Business Travel Group in the 3rd quarter valued at $58,073,000. Monarch Alternative Capital LP purchased a new position in Global Business Travel Group in the 3rd quarter valued at $57,680,000. Boundary Creek Advisors LP acquired a new position in Global Business Travel Group in the 3rd quarter valued at $22,911,000. Finally, Ares Management LLC raised its position in 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 buying an additional 2,489,506 shares during the last quarter. 82.46% of the stock is owned by institutional investors and hedge funds.

Global Business Travel Group Stock Performance

NYSE GBTG opened at $7.97 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 1.23. Global Business Travel Group has a 1 year low of $5.78 and a 1 year high of $9.56. The company has a market capitalization of $4.17 billion, a PE ratio of 398.50 and a beta of 0.73. The company has a fifty day moving average of $7.74 and a two-hundred day moving average of $7.33.

Global Business Travel Group (NYSE:GBTG – Get Free Report) last posted its earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The firm had revenue of $674.00 million for the quarter, compared to analyst estimates of $615.39 million. Global Business Travel Group had a return on equity of 3.52% and a net margin of 0.40%.The company’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, analysts expect that Global Business Travel Group will post -0.17 earnings per share for the current year.

About Global Business Travel Group

(Get Free Report)

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.

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