Sabre (SABR) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Sabre (NASDAQ:SABR) from a hold rating to a buy rating in a report released on Wednesday. The brokerage currently has $22.00 price target on the information technology services provider’s stock.
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. “
Other equities analysts have also recently issued reports about the stock. Mizuho reissued a buy rating and issued a $25.00 price objective on shares of Sabre in a research report on Thursday, January 25th. Cowen reissued a buy rating and issued a $27.00 price objective on shares of Sabre in a research report on Wednesday, March 7th. Deutsche Bank upped their price objective on shares of Sabre from $24.00 to $25.00 and gave the company a buy rating in a research report on Monday, February 26th. BidaskClub raised shares of Sabre from a strong sell rating to a sell rating in a research report on Saturday, February 17th. Finally, Evercore ISI lowered shares of Sabre from an outperform rating to an underperform rating in a research note on Friday, January 5th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $24.00.
Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Wednesday, February 14th. The information technology services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The company had revenue of $881.90 million during the quarter, compared to analysts’ expectations of $863.54 million. Sabre had a net margin of 6.74% and a return on equity of 53.65%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. sell-side analysts expect that Sabre will post 1.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Wednesday, March 21st were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, March 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.76%. Sabre’s dividend payout ratio (DPR) is presently 43.08%.
In other news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $22.27, for a total value of $197,526,949.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in Sabre by 13.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 791,995 shares of the information technology services provider’s stock worth $14,336,000 after acquiring an additional 95,951 shares during the period. Arizona State Retirement System raised its stake in Sabre by 26.9% during the fourth quarter. Arizona State Retirement System now owns 150,123 shares of the information technology services provider’s stock worth $3,078,000 after acquiring an additional 31,869 shares during the period. MHI Funds LLC acquired a new stake in Sabre during the fourth quarter worth about $2,330,000. MD Sass Investors Services Inc. acquired a new stake in Sabre during the fourth quarter worth about $24,448,000. Finally, Vident Investment Advisory LLC raised its stake in Sabre by 58.8% during the fourth quarter. Vident Investment Advisory LLC now owns 35,306 shares of the information technology services provider’s stock worth $723,000 after acquiring an additional 13,067 shares during the period.
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Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.
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