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

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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