Analysts Set Global Business Travel Group, Inc. (NYSE:GBTG) Target Price at $8.90

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have received a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $8.90.

Several equities analysts have commented on the stock. Lake Street Capital set a $9.50 price objective on shares of Global Business Travel Group in a report on Monday, May 4th. Evercore cut shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. BTIG Research downgraded shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Global Business Travel Group in a report on Wednesday, August 12th.

Insiders Place Their Bets

In other Global Business Travel Group news, CFO Karen A. Williams sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $9.43, for a total value of $188,600.00. Following the transaction, the chief financial officer directly owned 548,257 shares of the company’s stock, valued at $5,170,063.51. This represents a 3.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Eric J. Bock sold 10,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $9.46, for a total value of $94,600.00. Following the transaction, the insider owned 763,957 shares in the company, valued at $7,227,033.22. The trade was a 1.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,285,345 shares of company stock worth $21,424,974 over the last three months. 5.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Global Business Travel Group

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in Global Business Travel Group by 169.9% in the 1st quarter. AQR Capital Management LLC now owns 64,060 shares of the company’s stock valued at $465,000 after acquiring an additional 40,328 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Global Business Travel Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock valued at $541,000 after purchasing an additional 3,238 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Global Business Travel Group by 66.6% in the first quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company’s stock valued at $5,347,000 after purchasing an additional 294,527 shares in the last quarter. Creative Planning bought a new stake in Global Business Travel Group during the second quarter worth about $67,000. Finally, Legal & General Group Plc lifted its position in Global Business Travel Group by 4.0% during the second quarter. Legal & General Group Plc now owns 112,365 shares of the company’s stock worth $708,000 after purchasing an additional 4,308 shares during the period. 82.46% of the stock is currently owned by institutional investors.

Global Business Travel Group Price Performance

Global Business Travel Group stock opened at $9.46 on Friday. The firm has a market capitalization of $4.94 billion, a PE ratio of 55.65 and a beta of 0.93. The company’s 50-day moving average is $9.41 and its 200-day moving average is $7.71. Global Business Travel Group has a fifty-two week low of $4.95 and a fifty-two week high of $9.54. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Global Business Travel Group had a return on equity of 2.47% and a net margin of 2.77%.The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $810.60 million. During the same quarter in the previous year, the business posted $0.03 EPS. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. Sell-side analysts anticipate that Global Business Travel Group will post 0.18 earnings per share for the current year.

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.