Global Business Travel Group (GBTG) Projected to Post Earnings on Thursday

Global Business Travel Group (NYSE:GBTG) is expected to be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Global Business Travel Group to post earnings of $0.03 per share and revenue of $585.72 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Global Business Travel Group Stock Up 0.1 %

Shares of GBTG stock opened at $8.56 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56. The firm’s 50-day moving average is $9.01 and its 200-day moving average is $8.30. 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 52-week low of $4.49 and a 52-week high of $9.60.

Global Business Travel Group announced that its Board of Directors has initiated a share buyback plan on Tuesday, November 5th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Global Business Travel Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. UBS Group assumed coverage on shares of Global Business Travel Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $11.00 price target on the stock.

About Global Business Travel Group

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.