Sabre Corporation (SABR) Given Buy Rating at Mizuho
Mizuho reissued their buy rating on shares of Sabre Corporation (NASDAQ:SABR) in a research note issued to investors on Wednesday morning. They currently have a $25.00 price target on the information technology services provider’s stock, down from their prior price target of $27.00.
A number of other equities analysts have also recently weighed in on the stock. BidaskClub cut shares of Sabre Corporation from a sell rating to a strong sell rating in a research report on Saturday, July 8th. Zacks Investment Research raised shares of Sabre Corporation from a hold rating to a buy rating and set a $25.00 price target on the stock in a research report on Friday, June 9th. Deutsche Bank AG lifted their price target on shares of Sabre Corporation from $24.00 to $25.00 and gave the stock a buy rating in a research report on Wednesday, May 3rd. TheStreet raised shares of Sabre Corporation from a c rating to a b- rating in a research report on Monday, April 17th. Finally, Morgan Stanley cut shares of Sabre Corporation from an overweight rating to an equal weight rating and reduced their price target for the stock from $26.00 to $24.00 in a research report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Sabre Corporation has an average rating of Buy and an average target price of $26.14.
Shares of Sabre Corporation (NASDAQ SABR) traded down 3.14% during mid-day trading on Wednesday, reaching $19.73. 4,074,074 shares of the company’s stock traded hands. Sabre Corporation has a 52 week low of $19.50 and a 52 week high of $29.45. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 41.62 and a beta of 0.71. The company’s 50 day moving average is $21.99 and its 200-day moving average is $22.53.
Sabre Corporation (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $900.66 million for the quarter, compared to analysts’ expectations of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. Equities analysts expect that Sabre Corporation will post $1.36 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a $0.14 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $0.56 annualized dividend and a yield of 2.84%. Sabre Corporation’s dividend payout ratio is currently 116.67%.
In related news, insider Richard A. Simonson sold 36,000 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $24.43, for a total value of $879,480.00. Following the sale, the insider now directly owns 231,103 shares of the company’s stock, valued at approximately $5,645,846.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Sabre Corporation by 6,499.9% in the first quarter. BlackRock Inc. now owns 15,406,248 shares of the information technology services provider’s stock valued at $326,459,000 after buying an additional 15,172,817 shares in the last quarter. Cantillon Capital Management LLC bought a new stake in Sabre Corporation during the first quarter valued at approximately $83,767,000. RidgeWorth Capital Management LLC bought a new stake in Sabre Corporation during the first quarter valued at approximately $42,937,000. FIL Ltd boosted its stake in Sabre Corporation by 4,541.8% in the first quarter. FIL Ltd now owns 2,046,721 shares of the information technology services provider’s stock valued at $43,370,000 after buying an additional 2,002,628 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in Sabre Corporation by 16,814.3% in the first quarter. Citadel Advisors LLC now owns 1,571,148 shares of the information technology services provider’s stock valued at $33,292,000 after buying an additional 1,580,548 shares in the last quarter.
About Sabre Corporation
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
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