Sabre Corporation (SABR) Upgraded to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Sabre Corporation (NASDAQ:SABR) from a sell rating to a hold rating in a report issued on Wednesday.
According to Zacks, “Sabre Corporation engages in providing technology solutions to the global travel and tourism industry. The company operates four brands/businesses: Sabre Airline Solutions (R), Sabre Hospitality Solutions (R), Sabre Travel Network (R) and Travelocity (R). Its software, data, mobile and distribution solutions are used by airlines hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre Corporation is headquartered in Southlake, Texas. “
Several other research analysts have also commented on the company. Goldman Sachs Group, Inc. (The) lowered Sabre Corporation from a buy rating to a neutral rating and cut their price objective for the company from $25.00 to $20.00 in a research report on Monday, September 11th. Jefferies Group LLC raised Sabre Corporation from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research report on Tuesday, August 15th. Bank of America Corporation lowered Sabre Corporation from a neutral rating to an underperform rating and cut their price objective for the company from $24.00 to $18.00 in a research report on Monday, August 7th. TheStreet lowered Sabre Corporation from a b rating to a c rating in a research report on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $24.00 price objective (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Sabre Corporation presently has an average rating of Hold and a consensus target price of $23.22.
Shares of Sabre Corporation (NASDAQ:SABR) traded up 0.66% during midday trading on Wednesday, reaching $18.23. The company’s stock had a trading volume of 431,373 shares. The firm’s 50 day moving average is $18.33 and its 200 day moving average is $21.33. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 38.46 and a beta of 0.74. Sabre Corporation has a 52 week low of $17.30 and a 52 week high of $28.42.
Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The company had revenue of $900.66 million for the quarter, compared to analyst estimates of $895.05 million. During the same period last year, the company posted $0.37 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. Equities analysts forecast that Sabre Corporation will post $1.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s payout ratio is 116.67%.
In other news, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $726,332.00. Following the sale, the insider now directly owns 82,600 shares of the company’s stock, valued at $1,661,912. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the sale, the insider now directly owns 31,726 shares in the company, valued at $568,529.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in SABR. Russell Investments Group Ltd. increased its position in shares of Sabre Corporation by 186.4% during the first quarter. Russell Investments Group Ltd. now owns 38,681 shares of the information technology services provider’s stock worth $819,000 after acquiring an additional 25,174 shares during the last quarter. US Bancorp DE increased its position in shares of Sabre Corporation by 15.1% during the first quarter. US Bancorp DE now owns 46,114 shares of the information technology services provider’s stock worth $977,000 after acquiring an additional 6,060 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Sabre Corporation by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 1,142,485 shares of the information technology services provider’s stock worth $24,209,000 after acquiring an additional 45,138 shares during the last quarter. Comerica Bank increased its position in shares of Sabre Corporation by 8.4% during the first quarter. Comerica Bank now owns 28,611 shares of the information technology services provider’s stock worth $670,000 after acquiring an additional 2,217 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Sabre Corporation during the first quarter worth about $226,000.
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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