Wall Street Zen Downgrades Global Business Travel Group (NYSE:GBTG) to Hold

Global Business Travel Group (NYSE:GBTG) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts also recently issued reports on GBTG. Morgan Stanley lowered their price objective on shares of Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. UBS Group decreased their target price on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Weiss Ratings raised shares of Global Business Travel Group from a “sell (d)” rating to a “hold (c)” rating in a research report on Thursday, March 12th. Zacks Research upgraded Global Business Travel Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Citigroup lowered their target price on Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $9.40.

Global Business Travel Group Stock Down 0.6%

NYSE:GBTG opened at $5.47 on Friday. Global Business Travel Group has a 1 year low of $4.95 and a 1 year high of $8.64. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.84. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 23.76 and a beta of 0.77. The stock has a 50-day moving average price of $6.11 and a two-hundred day moving average price of $7.24.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Monday, March 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $792.00 million during the quarter, compared to analysts’ expectations of $789.48 million. Global Business Travel Group had a return on equity of 6.20% and a net margin of 4.01%. As a group, equities analysts expect that Global Business Travel Group will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On Global Business Travel Group

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in shares of Global Business Travel Group in the third quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Global Business Travel Group during the 4th quarter worth about $32,000. Advisory Services Network LLC bought a new stake in shares of Global Business Travel Group during the third quarter worth approximately $61,000. CWM LLC grew its holdings in Global Business Travel Group by 21.1% in the 3rd quarter. CWM LLC now owns 7,630 shares of the company’s stock valued at $62,000 after buying an additional 1,332 shares in the last quarter. Finally, Creative Planning bought a new position in Global Business Travel Group during the 2nd quarter worth $67,000. Institutional investors and hedge funds own 82.46% of the company’s stock.

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.