Global Business Travel Group, Inc. (NYSE:GBTG) Given Average Recommendation of “Hold” by Analysts

Global Business Travel Group, Inc. (NYSE:GBTG) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $8.90.

GBTG has been the topic of a number of analyst reports. Evercore cut shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research 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. Bank of America initiated coverage on shares of Global Business Travel Group in a research note on Tuesday, April 7th. They set a “neutral” rating and a $6.50 target price for the company. Citigroup lowered their target price on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Finally, Weiss Ratings raised shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 15th.

Insiders Place Their Bets

In related news, CEO Paul G. Abbott sold 8,745 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $9.36, for a total value of $81,853.20. Following the completion of the sale, the chief executive officer directly owned 3,547,211 shares of the company’s stock, valued at $33,201,894.96. This represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Peter Bush sold 17,500 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $9.36, for a total transaction of $163,800.00. Following the completion of the sale, the director directly owned 120,526 shares of the company’s stock, valued at approximately $1,128,123.36. This trade represents a 12.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.40% of the stock is currently owned by insiders.

Institutional Trading of Global Business Travel Group

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in Global Business Travel Group in the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Global Business Travel Group in the fourth quarter worth about $32,000. Advisory Services Network LLC bought a new position in Global Business Travel Group in the third quarter worth about $61,000. Russell Investments Group Ltd. raised its holdings in Global Business Travel Group by 1,238.9% in the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after purchasing an additional 8,350 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Global Business Travel Group during the third quarter valued at about $81,000. 82.46% of the stock is owned by hedge funds and other institutional investors.

Global Business Travel Group Trading Down 0.1%

GBTG stock opened at $9.35 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.90. Global Business Travel Group has a twelve month low of $4.95 and a twelve month high of $9.54. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 54.97 and a beta of 0.93. The firm’s fifty day simple moving average is $7.49 and its two-hundred day simple moving average is $7.03.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The business had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. The company’s revenue for the quarter was up 35.3% compared to the same quarter last year. As a group, 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.