Global Business Travel Group (NYSE:GBTG) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Global Business Travel Group (NYSE:GBTG) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

GBTG has been the subject of a number of other reports. Morgan Stanley lifted 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. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Global Business Travel Group in a research note on Wednesday, October 8th. UBS Group raised their price target on Global Business Travel Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, BTIG Research boosted their price objective on Global Business Travel Group from $8.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.67.

Global Business Travel Group Price Performance

Shares of Global Business Travel Group stock traded up $0.03 during mid-day trading on Wednesday, reaching $7.20. 1,526,767 shares of the stock traded hands, compared to its average volume of 957,656. The business has a 50-day moving average of $7.98 and a 200 day moving average of $7.16. The company has a quick ratio of 1.66, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $3.45 billion, a PE ratio of 359.75 and a beta of 0.73. Global Business Travel Group has a fifty-two week low of $5.78 and a fifty-two week high of $9.60.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Global Business Travel Group had a return on equity of 3.52% and a net margin of 0.40%.The company had revenue of $674.00 million for the quarter, compared to analysts’ expectations of $615.39 million. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. Global Business Travel Group has set its FY 2025 guidance at EPS. On average, analysts predict that Global Business Travel Group will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Global Business Travel Group

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in Global Business Travel Group in the first quarter valued at $26,000. Quantbot Technologies LP acquired a new stake in shares of Global Business Travel Group in the 3rd quarter valued at about $26,000. Federated Hermes Inc. purchased a new position in Global Business Travel Group during the 1st quarter worth approximately $27,000. Neo Ivy Capital Management acquired a new position in Global Business Travel Group during the first quarter worth approximately $29,000. Finally, CWM LLC lifted its stake in Global Business Travel Group by 262.6% in the second quarter. CWM LLC now owns 6,298 shares of the company’s stock valued at $40,000 after buying an additional 4,561 shares during the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

About Global Business Travel Group

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.