Sabre Corp Reaches New 12-Month High at $20.91 (SABR)
Sabre Corp (NASDAQ:SABR)’s share price reached a new 52-week high during trading on Thursday , Stock Ratings Network reports. The stock traded as high as $20.91 and last traded at $20.27, with a volume of 381,212 shares. The stock had previously closed at $20.30.
Several analysts have recently commented on the stock. Analysts at Imperial Capital initiated coverage on shares of Sabre Corp in a research note on Thursday, June 5th. They set an “outperform” rating and a $24.00 price target on the stock. Separately, analysts at Sanford C. Bernstein initiated coverage on shares of Sabre Corp in a research note on Thursday, May 29th. They set an “outperform” rating and a $21.00 price target on the stock. Finally, analysts at Bernstein initiated coverage on shares of Sabre Corp in a research note on Thursday, May 29th. They set an “outperform” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $20.64.
The stock has a 50-day moving average of $17.54 and a 200-day moving average of $17.40. The company’s market cap is $5.023 billion. Sabre Corp also saw a significant growth in short interest during the month of May. As of May 30th, there was short interest totalling 1,381,903 shares, a growth of 984.8% from the May 15th total of 127,387 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average trading volume of 783,236 shares, the days-to-cover ratio is currently 1.8 days.
Sabre Corp (NASDAQ:SABR) last announced its earnings results on Thursday, May 15th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $661.18 million for the quarter, compared to the consensus estimate of $616.57 million. Analysts expect that Sabre Corp will post $0.91 EPS for the current fiscal year.
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.
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