Global Business Travel Group (NYSE:GBTG) Given New $9.50 Price Target at Citigroup

Global Business Travel Group (NYSE:GBTG) had its target price hoisted by Citigroup from $9.00 to $9.50 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Separately, Evercore ISI lifted their price target on shares of Global Business Travel Group from $9.00 to $10.00 and gave the stock an outperform rating in a report on Wednesday, August 7th.

Global Business Travel Group Stock Performance

GBTG opened at $7.56 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market capitalization of $3.57 billion, a PE ratio of -19.38 and a beta of 0.64. The business has a fifty day simple moving average of $7.09 and a 200 day simple moving average of $6.53. Global Business Travel Group has a 1 year low of $4.49 and a 1 year high of $7.79.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.11. The business had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $643.97 million. Global Business Travel Group had a negative return on equity of 1.26% and a negative net margin of 1.66%. Research analysts expect that Global Business Travel Group will post -0.08 EPS for the current year.

Institutional Trading of Global Business Travel Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank raised its stake in shares of Global Business Travel Group by 299.1% in the second quarter. Amalgamated Bank now owns 4,342 shares of the company’s stock valued at $29,000 after buying an additional 3,254 shares during the period. Principal Financial Group Inc. bought a new stake in Global Business Travel Group in the 2nd quarter valued at about $108,000. ANTIPODES PARTNERS Ltd purchased a new stake in Global Business Travel Group during the first quarter valued at about $109,000. Susquehanna Fundamental Investments LLC purchased a new stake in Global Business Travel Group during the second quarter valued at about $143,000. Finally, Victory Capital Management Inc. bought a new position in Global Business Travel Group during the second quarter worth about $147,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

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.