UBS Group Has Lowered Expectations for Global Business Travel Group (NYSE:GBTG) Stock Price

Global Business Travel Group (NYSE:GBTG) had its price objective lowered by UBS Group from $11.00 to $10.00 in a research note issued to investors on Wednesday morning, Marketbeat reports. UBS Group currently has a buy rating on the stock.

Separately, BTIG Research assumed coverage on Global Business Travel Group in a report on Tuesday, March 18th. They issued a “buy” rating and a $10.00 price target for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $9.70.

Global Business Travel Group Stock Down 2.8 %

NYSE GBTG opened at $5.84 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24. Global Business Travel Group has a fifty-two week low of $5.73 and a fifty-two week high of $9.60. The business has a 50 day moving average price of $7.01 and a two-hundred day moving average price of $8.21. The stock has a market cap of $2.79 billion, a PE ratio of -16.22 and a beta of 0.78.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. The business had revenue of $621.00 million during the quarter, compared to analyst estimates of $632.63 million. As a group, sell-side analysts predict that Global Business Travel Group will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Global Business Travel Group

Large investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ raised its stake in Global Business Travel Group by 390.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company’s stock valued at $26,000 after buying an additional 2,199 shares in the last quarter. State of Wyoming acquired a new stake in shares of Global Business Travel Group during the 4th quarter valued at approximately $31,000. Federated Hermes Inc. bought a new position in Global Business Travel Group during the first quarter worth $27,000. Neo Ivy Capital Management acquired a new position in Global Business Travel Group in the first quarter worth $29,000. Finally, GAMMA Investing LLC increased its stake in Global Business Travel Group by 2,340.7% during the first quarter. GAMMA Investing LLC now owns 5,394 shares of the company’s stock valued at $39,000 after purchasing an additional 5,173 shares during the last quarter. 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.