UBS Group Cuts Global Business Travel Group (NYSE:GBTG) Price Target to $10.00

Global Business Travel Group (NYSE:GBTG) had its target price cut by UBS Group from $11.00 to $10.00 in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a buy rating on the stock.

Separately, BTIG Research assumed coverage on Global Business Travel Group in a research report on Tuesday, March 18th. They set a “buy” rating and a $10.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Global Business Travel Group has a consensus rating of “Moderate Buy” and an average price target of $9.70.

Global Business Travel Group Stock Performance

Shares of NYSE GBTG opened at $5.84 on Wednesday. The company has a 50-day simple moving average of $7.01 and a 200-day simple moving average of $8.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $2.79 billion, a PE ratio of -16.22 and a beta of 0.78. Global Business Travel Group has a 12 month low of $5.73 and a 12 month high of $9.60.

Global Business Travel Group (NYSE:GBTG) last released its earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. The firm had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $632.63 million. On average, equities analysts anticipate that Global Business Travel Group will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ increased its stake in Global Business Travel Group by 390.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company’s stock worth $26,000 after acquiring an additional 2,199 shares during the last quarter. Federated Hermes Inc. acquired a new stake in Global Business Travel Group during the 1st quarter worth approximately $27,000. Neo Ivy Capital Management purchased a new position in Global Business Travel Group in the first quarter valued at approximately $29,000. State of Wyoming acquired a new position in Global Business Travel Group during the fourth quarter valued at approximately $31,000. Finally, GAMMA Investing LLC grew its stake in Global Business Travel Group by 2,340.7% during the first quarter. GAMMA Investing LLC now owns 5,394 shares of the company’s stock worth $39,000 after buying an additional 5,173 shares during the period. 82.46% of the stock is owned by hedge funds and other institutional investors.

Global Business Travel Group Company Profile

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.