Global Business Travel Group (NYSE:GBTG) Downgraded by Evercore to Hold

Evercore downgraded shares of Global Business Travel Group (NYSE:GBTG) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $8.20 price target on shares of Global Business Travel Group in a report on Wednesday, March 11th. Wall Street Zen upgraded shares of Global Business Travel Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Weiss Ratings cut shares of Global Business Travel Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. UBS Group cut their price target on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Finally, Morgan Stanley decreased their price objective on Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Global Business Travel Group currently has an average rating of “Hold” and an average price target of $8.90.

Global Business Travel Group Price Performance

Shares of GBTG stock opened at $9.50 on Monday. Global Business Travel Group has a 12 month low of $4.95 and a 12 month high of $9.54. The company has a market capitalization of $4.98 billion, a P/E ratio of 55.89, a P/E/G ratio of 2.96 and a beta of 0.75. The stock has a 50 day moving average of $5.70 and a two-hundred day moving average of $6.77. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.84.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings data on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group had a return on equity of 2.59% and a net margin of 2.93%.The firm’s quarterly revenue was up 35.3% on a year-over-year basis. As a group, equities analysts expect that Global Business Travel Group will post 0.11 EPS for the current year.

Hedge Funds Weigh In On Global Business Travel Group

Several institutional investors have recently bought and sold shares of the business. Redwood Capital Management LLC bought a new stake in shares of Global Business Travel Group during the third quarter worth $173,347,000. Attestor Capital Ltd bought a new position in shares of Global Business Travel Group in the fourth quarter valued at about $67,917,000. Anchorage Capital Advisors L.P. bought a new position in shares of Global Business Travel Group in the third quarter valued at about $58,073,000. Monarch Alternative Capital LP acquired a new position in Global Business Travel Group during the 3rd quarter worth about $57,680,000. Finally, Vanguard Group Inc. grew its holdings in Global Business Travel Group by 24.7% during the 4th quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock worth $106,010,000 after acquiring an additional 2,744,068 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.

Global Business Travel Group News Summary

Here are the key news stories impacting Global Business Travel Group this week:

• Positive Sentiment: Take?private deal: Long Lake Management agreed to acquire American Express Global Business Travel (GBTG) for $9.50 per share in an all?cash transaction valuing the company at roughly $6.3 billion — the clear near?term catalyst pushing the stock higher and explaining elevated volume. WSJ: Take?Private Deal
• Positive Sentiment: Deal rationale & buyer focus: Long Lake says the acquisition will allow GBT to be privately held and invest in applied AI to scale services — a strategic pitch that supports the premium paid and could justify operational changes post?close. PYMNTS: Long Lake rationale
• Positive Sentiment: Strong quarterly revenue performance: GBTG reported Q1 revenue of $840M (up ~35% year?over?year) and management highlighted robust results in a press release, reinforcing fundamentals ahead of the deal close. Company press release: Q1 results
• Neutral Sentiment: Market coverage and volume: Multiple outlets flagged the acquisition and earnings, driving a surge in trading volume as investors re?price the stock to the $9.50 offer; this is market mechanics rather than new fundamental information. Investing.com: Surge coverage
• Neutral Sentiment: Mixed EPS headlines: Some outlets reported GBTG met or beat Q1 EPS estimates while others show slightly different EPS figures; revenue strength appears the more consistent positive takeaway. Zacks: Q1 EPS report
• Negative Sentiment: Shareholder fairness probe: Law firm Halper Sadeh LLC is investigating whether shareholders are receiving a fair price, introducing litigation risk or pushback that could delay closing or pressure the final economics for sellers. This represents the primary near?term downside risk to the deal. Rutland Herald: Investigation

About Global Business Travel Group

Global Business Travel Group (NYSE: GBTG), formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.

Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.