Sabre Corp Receives Average Rating of “Buy” from Analysts (NASDAQ:SABR)
Shares of Sabre Corp (NASDAQ:SABR) have been given an average recommendation of “Buy” by the thirteen analysts that are presently covering the company, Analyst RN reports. One equities research analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $21.00.
Several analysts have recently commented on the stock. 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.
Shares of Sabre Corp (NASDAQ:SABR) opened at 18.50 on Thursday. 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 $19.30 and a 200-day moving average of $18.36. The company has a market cap of $4.532 billion and a P/E ratio of 106.49.
Sabre Corp (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ 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. Sabre Corp’s revenue was down 6.6% compared to the same quarter last year. 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 1.95%. The ex-dividend date of this dividend is Wednesday, August 27th.
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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