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 research report report published on Friday morning, Marketbeat.com reports. The firm issued a buy rating and a $11.00 target price on the stock.

Other equities analysts also recently issued research reports about the company. Citigroup lifted their price objective on 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. 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 research note on Wednesday, August 7th.

Global Business Travel Group Stock Performance

Shares of GBTG stock opened at $9.46 on Friday. The company has a market capitalization of $4.45 billion, a P/E ratio of -26.28 and a beta of 0.63. The business’s 50 day moving average is $7.96 and its two-hundred day moving average is $7.07. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. Global Business Travel Group has a 12-month low of $4.49 and a 12-month high of $9.60.

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

Global Business Travel Group announced that its board has authorized a stock buyback plan on Tuesday, November 5th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Global Business Travel Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank raised its stake in Global Business Travel Group by 299.1% during the 2nd quarter. Amalgamated Bank now owns 4,342 shares of the company’s stock valued at $29,000 after acquiring an additional 3,254 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Global Business Travel Group during the 3rd quarter worth $98,000. Principal Financial Group Inc. purchased a new position in shares of Global Business Travel Group during the 2nd quarter worth $108,000. Quadrature Capital Ltd purchased a new position in shares of Global Business Travel Group in the 3rd quarter worth $137,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Global Business Travel Group in the 2nd quarter worth $143,000. 82.46% of the stock is owned by hedge funds and other institutional investors.

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.