Global Business Travel Group (NYSE:GBTG - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $585.72 million for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.
Global Business Travel Group Stock Performance
Shares of Global Business Travel Group stock traded down $0.19 during midday trading on Friday, hitting $8.56. The company had a trading volume of 637,236 shares, compared to its average volume of 504,083. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of -23.76 and a beta of 0.71. Global Business Travel Group has a 12-month low of $4.49 and a 12-month high of $9.60. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24. The company has a fifty day simple moving average of $9.03 and a 200 day simple moving average of $8.25.
Global Business Travel Group declared that its board has initiated a share buyback program on Tuesday, November 5th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 8.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
GBTG has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Global Business Travel Group from $7.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. UBS Group started coverage on Global Business Travel Group in a research report on Friday, November 22nd. They set a "buy" rating and a $11.00 price target for the company.
Read Our Latest Report on Global Business Travel Group
Global Business Travel Group Company Profile
(
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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.
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