Analysts Set Global Business Travel Group, Inc. (NYSE:GBTG) Price Target at $9.40

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have been given an average rating of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $9.40.

A number of research analysts have recently issued reports on GBTG shares. BTIG Research dropped their price target on shares of Global Business Travel Group from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Zacks Research raised Global Business Travel Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Morgan Stanley dropped their target price on Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. UBS Group cut their target price on Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Finally, Citigroup decreased their price target on Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th.

Institutional Investors Weigh In On Global Business Travel Group

Several institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in shares of Global Business Travel Group in the 3rd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Global Business Travel Group during the fourth quarter worth about $32,000. Advisory Services Network LLC purchased a new stake in Global Business Travel Group during the third quarter worth about $61,000. CWM LLC grew its position in Global Business Travel Group by 21.1% during the third quarter. CWM LLC now owns 7,630 shares of the company’s stock worth $62,000 after buying an additional 1,332 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Global Business Travel Group by 1,238.9% during the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after buying an additional 8,350 shares during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Global Business Travel Group Stock Performance

NYSE:GBTG opened at $5.41 on Thursday. The firm’s fifty day moving average price is $5.96 and its 200 day moving average price is $7.19. Global Business Travel Group has a 1-year low of $4.95 and a 1-year high of $8.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 23.52 and a beta of 0.77.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Monday, March 9th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Global Business Travel Group had a net margin of 4.01% and a return on equity of 6.20%. The company had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.48 million. On average, sell-side analysts expect that Global Business Travel Group will post -0.17 EPS 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.