Global Business Travel Group (NYSE:GBTG) Hits New 12-Month Low – Time to Sell?

Global Business Travel Group, Inc. (NYSE:GBTG)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $5.25 and last traded at $5.2850, with a volume of 340054 shares changing hands. The stock had previously closed at $5.46.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GBTG. Weiss Ratings restated a “sell (d)” rating on shares of Global Business Travel Group in a research note on Monday, December 29th. Morgan Stanley boosted 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. Evercore upped 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 research note on Monday, December 1st. Finally, Zacks Research upgraded Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.25.

Global Business Travel Group Price Performance

The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 251.75 and a beta of 0.73. The company’s fifty day moving average price is $7.28 and its 200 day moving average price is $7.61. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.23 and a current ratio of 1.23.

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

Institutional Trading of Global Business Travel Group

A number of large investors have recently modified their holdings of the company. Redwood Capital Management LLC acquired a new position in Global Business Travel Group during the 3rd quarter valued at about $173,347,000. Anchorage Capital Advisors L.P. bought a new stake in shares of Global Business Travel Group during the third quarter valued at approximately $58,073,000. Monarch Alternative Capital LP bought a new stake in shares of Global Business Travel Group during the third quarter valued at approximately $57,680,000. Vanguard Group Inc. boosted its position in shares of Global Business Travel Group by 24.7% during the fourth quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock worth $106,010,000 after buying an additional 2,744,068 shares during the period. Finally, Boundary Creek Advisors LP bought a new position in Global Business Travel Group in the 3rd quarter worth approximately $22,911,000. 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.