Sabre Corporation (SABR) Stock Price Up 5.4%
Sabre Corporation (NASDAQ:SABR)’s share price rose 5.4% on Friday . The stock traded as high as $19.55 and last traded at $19.50. Approximately 4,838,593 shares were traded during trading, an increase of 54% from the average daily volume of 3,143,220 shares. The stock had previously closed at $18.50.
SABR has been the topic of several analyst reports. Zacks Investment Research upgraded Sabre Corporation from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $24.00 price objective (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Cowen and Company set a $23.00 price objective on Sabre Corporation and gave the stock a “buy” rating in a report on Thursday, October 12th. Deutsche Bank AG restated a “buy” rating and set a $22.00 price objective (down previously from $25.00) on shares of Sabre Corporation in a report on Monday, October 9th. Finally, Goldman Sachs Group, Inc. (The) cut Sabre Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $20.00 in a report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Sabre Corporation presently has an average rating of “Hold” and an average target price of $22.63.
The company has a market capitalization of $5,080.00, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 4.58 and a beta of 0.76. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.89 and a current ratio of 0.89.
Sabre Corporation (NASDAQ:SABR) last issued its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. Sabre Corporation had a return on equity of 53.97% and a net margin of 5.22%. The firm had revenue of $900.60 million for the quarter, compared to analysts’ expectations of $884.04 million. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. research analysts forecast that Sabre Corporation will post 1.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, December 20th. Sabre Corporation’s payout ratio is currently 81.16%.
A number of institutional investors have recently modified their holdings of SABR. Creative Planning boosted its holdings in Sabre Corporation by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 205 shares during the last quarter. Advisor Group Inc. boosted its holdings in Sabre Corporation by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after acquiring an additional 2,029 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Sabre Corporation by 21.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after acquiring an additional 1,100 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in Sabre Corporation in the second quarter valued at $203,000. Finally, Parametrica Management Ltd purchased a new position in Sabre Corporation in the second quarter valued at about $206,000.
Sabre Corporation Company Profile
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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