Global Business Travel Group (NYSE:GBTG) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Global Business Travel Group (NYSE:GBTG) from a hold rating to a buy rating in a research report released on Saturday.

Other equities analysts have also issued reports about the company. UBS Group decreased their target price on Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. BTIG Research began coverage on Global Business Travel Group in a research note on Tuesday, March 18th. They issued a “buy” rating and a $10.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $9.70.

Global Business Travel Group Stock Performance

Shares of GBTG opened at $6.47 on Friday. The stock’s 50-day simple moving average is $6.30 and its 200 day simple moving average is $7.52. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of -64.70 and a beta of 0.73. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.60 and a current ratio of 1.60. Global Business Travel Group has a 52-week low of $5.78 and a 52-week high of $9.60.

Global Business Travel Group (NYSE:GBTG) last announced its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The business had revenue of $621.00 million for the quarter, compared to analyst estimates of $632.63 million. Global Business Travel Group had a negative return on equity of 0.61% and a negative net margin of 1.81%. Research analysts forecast that Global Business Travel Group will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Global Business Travel Group

Institutional investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its position in shares of Global Business Travel Group by 390.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company’s stock valued at $26,000 after purchasing an additional 2,199 shares during the last quarter. Quarry LP bought a new position in shares of Global Business Travel Group during the 1st quarter valued at about $26,000. Federated Hermes Inc. bought a new position in shares of Global Business Travel Group during the 1st quarter valued at about $27,000. Neo Ivy Capital Management bought a new position in shares of Global Business Travel Group during the 1st quarter valued at about $29,000. Finally, State of Wyoming bought a new position in shares of Global Business Travel Group during the 4th quarter valued at about $31,000. 82.46% of the stock is currently owned by institutional investors.

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.