Global Business Travel Group (NYSE:GBTG) PT Raised to $9.50 at Citigroup

Global Business Travel Group (NYSE:GBTG) had its target price increased by equities research analysts at Citigroup from $9.00 to $9.50 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 24.67% from the company’s previous close.

Separately, Evercore ISI raised their target price on shares of Global Business Travel Group from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th.

Global Business Travel Group Trading Up 3.5 %

GBTG opened at $7.62 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. Global Business Travel Group has a 52 week low of $4.49 and a 52 week high of $7.79. The stock has a market cap of $3.60 billion, a PE ratio of -19.54 and a beta of 0.64. The business has a 50 day moving average of $7.09 and a 200-day moving average of $6.52.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.11. The business had revenue of $625.00 million during the quarter, compared to analyst estimates of $643.97 million. Global Business Travel Group had a negative return on equity of 1.26% and a negative net margin of 1.66%. Equities research analysts predict that Global Business Travel Group will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Business Travel Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank boosted its stake in Global Business Travel Group by 299.1% in the 2nd quarter. Amalgamated Bank now owns 4,342 shares of the company’s stock worth $29,000 after purchasing an additional 3,254 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Global Business Travel Group in the second quarter worth approximately $108,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Global Business Travel Group in the first quarter worth approximately $109,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Global Business Travel Group during the second quarter valued at approximately $143,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Global Business Travel Group during the second quarter valued at approximately $147,000. 82.46% of the stock is currently owned by 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.