Global Business Travel Group (NYSE:GBTG) Now Covered by Analysts at UBS Group

UBS Group assumed coverage on shares of Global Business Travel Group (NYSE:GBTG) in a report issued on Friday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $11.00 price objective on the stock.

Several other equities research analysts have also recently commented on GBTG. Evercore ISI boosted their target price on Global Business Travel Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Citigroup lifted their price objective on shares of Global Business Travel Group from $9.00 to $9.50 and gave the stock a “buy” rating in a research report on Friday, October 4th.

Global Business Travel Group Stock Up 0.2 %

NYSE:GBTG opened at $9.46 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50-day simple moving average of $7.96 and a 200 day simple moving average of $7.07. Global Business Travel Group has a one year low of $4.49 and a one year high of $9.60. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of -26.28 and a beta of 0.63.

Global Business Travel Group (NYSE:GBTG) last issued its earnings results on Tuesday, November 5th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The company had revenue of $597.00 million during the quarter, compared to analyst estimates of $611.89 million. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. Sell-side analysts predict that Global Business Travel Group will post -0.17 EPS for the current fiscal year.

Global Business Travel Group announced that its board has initiated a stock repurchase plan on Tuesday, November 5th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 8.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Global Business Travel Group

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC acquired a new stake in shares of Global Business Travel Group in the 1st quarter valued at $3,383,000. Rhumbline Advisers lifted its position in Global Business Travel Group by 419.3% during the 2nd quarter. Rhumbline Advisers now owns 143,883 shares of the company’s stock worth $950,000 after acquiring an additional 116,175 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Global Business Travel Group by 1,116.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,007,861 shares of the company’s stock worth $6,652,000 after acquiring an additional 925,018 shares during the last quarter. Renaissance Technologies LLC lifted its position in Global Business Travel Group by 431.2% during the 2nd quarter. Renaissance Technologies LLC now owns 105,700 shares of the company’s stock worth $698,000 after acquiring an additional 85,800 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Global Business Travel Group during the 2nd quarter worth $489,000. Institutional investors and hedge funds 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.