Sabre Corp Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:SABR)
Sabre Corp (NASDAQ:SABR) has earned an average rating of “Buy” from the thirteen brokerages that are currently covering the company, Analyst Ratings.Net reports. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $21.00.
Shares of Sabre Corp (NASDAQ:SABR) traded down 0.05% during mid-day trading on Thursday, hitting $18.31. 4,019 shares of the company’s stock traded hands. Sabre Corp has a 1-year low of $15.00 and a 1-year high of $20.91. The stock has a 50-day moving average of $19.38 and a 200-day moving average of $18.36. The company has a market cap of $4.486 billion and a P/E ratio of 107.13. Sabre Corp also was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 3,755,911 shares, a growth of 51.8% from the July 15th total of 2,474,977 shares. Currently, 7.5% of the company’s shares are sold short. Based on an average daily volume of 384,733 shares, the short-interest ratio is currently 9.8 days.
Sabre Corp (NASDAQ:SABR) last announced its earnings results on Thursday, August 7th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts predict that Sabre Corp will post $0.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Monday, September 1st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of analysts have recently weighed in on SABR shares. Analysts at Jefferies Group raised their price target on shares of Sabre Corp from $20.00 to $21.00 in a research note on Friday, August 8th. Separately, analysts at Mizuho raised their price target on shares of Sabre Corp from $19.00 to $22.00 in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Finally, 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.
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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