Sabre Corp Price Target Increased to $21.00 by Analysts at Jefferies Group (SABR)
Stock analysts at Jefferies Group hoisted their price objective on shares of Sabre Corp (NASDAQ:SABR) from $20.00 to $21.00 in a report issued on Friday. Jefferies Group’s price target would suggest a potential upside of 14.07% from the stock’s previous close.
Shares of Sabre Corp (NASDAQ:SABR) traded down 0.38% during mid-day trading on Friday, hitting $18.41. The stock had a trading volume of 1,608,173 shares. Sabre Corp has a 52 week low of $15.00 and a 52 week high of $20.91. The stock’s 50-day moving average is $19.55 and its 200-day moving average is $18.3. The company’s market cap is $4.510 billion.
Sabre Corp (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $717.57 million for the quarter, compared to the consensus estimate of $742.45 million. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts expect that Sabre Corp will post $0.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Monday, September 1st will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, August 27th.
A number of other firms have also recently commented on SABR. Analysts at Mizuho raised their price target on shares of Sabre Corp from $19.00 to $22.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $21.00.
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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