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

UBS Group assumed coverage on shares of Global Business Travel Group (NYSE:GBTG - Free Report) in a research report released on Friday morning, Marketbeat.com reports. The firm issued a buy rating and a $11.00 price target on the stock.

A number of other research analysts have also recently issued reports on the company. Evercore ISI lifted their price target on Global Business Travel Group from $9.00 to $10.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Citigroup upped their target price 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 Price Performance

Shares of GBTG traded up $0.34 during mid-day trading on Friday, reaching $9.42. The company had a trading volume of 501,884 shares, compared to its average volume of 630,976. The company's 50-day moving average is $7.87 and its 200-day moving average is $7.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $4.43 billion, a P/E ratio of -25.22 and a beta of 0.63. Global Business Travel Group has a twelve month low of $4.49 and a twelve month high of $9.42.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate 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 net margin of 7.06% and a negative return on equity of 9.70%. During the same quarter in the prior year, the firm posted ($0.02) EPS. On average, equities analysts anticipate that Global Business Travel Group will post -0.17 EPS for the current year.

Global Business Travel Group announced that its Board of Directors has approved a stock repurchase program on Tuesday, November 5th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to buy up to 8.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Amalgamated Bank boosted its holdings in Global Business Travel Group by 299.1% during the second quarter. Amalgamated Bank now owns 4,342 shares of the company's stock worth $29,000 after buying an additional 3,254 shares during the last quarter. Verition Fund Management LLC bought a new position in Global Business Travel Group during the third quarter worth about $98,000. Principal Financial Group Inc. acquired a new position in shares of Global Business Travel Group in the 2nd quarter valued at approximately $108,000. Quadrature Capital Ltd bought a new stake in Global Business Travel Group during the 3rd quarter worth approximately $137,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Global Business Travel Group during the 2nd quarter worth approximately $143,000. 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.