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TipRanksStock Market NewsMorgan Stanley Thinks Corporate Travel Management Limited’s Stock is Going to Recover
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Morgan Stanley Thinks Corporate Travel Management Limited’s Stock is Going to Recover

The company’s shares closed last Monday at $15.07, close to its 52-week low of $15.06.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Corporate Travel Management Limited with a $18.83 average price target, representing a 4.6% upside. In a report released today, UBS also maintained a Buy rating on the stock with a price target.

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Based on Corporate Travel Management Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.

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Corporate Travel Management Ltd manages and purchases travel products and services for corporations. Other services include corporate event-based travel management and leisure travel services for corporate clients. Revenue is derived from the sale of travel services, which are typically commission- or fee-based. The company operates through four main geographic segments: Australia & New Zealand, North America, Asia, and Europe. The company generates the majority of its revenue in Australia and New Zealand.

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