Oppenheimer Initiates Coverage on Sabre Corp (SABR)
Equities researchers at Oppenheimer started coverage on shares of Sabre Corp (NASDAQ:SABR) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Rhino Trading initiated coverage on shares of Sabre Corp in a research note on Tuesday. They set a “buy” rating and a $26.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $21.42.
Sabre Corp (NASDAQ:SABR) traded down 0.71% during mid-day trading on Thursday, hitting $18.25. 327,603 shares of the company’s stock traded hands. 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 $18.72 and its 200-day moving average is $18.35. The company has a market cap of $4.471 billion and a price-to-earnings ratio of 107.49. Sabre Corp also saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 5,758,394 shares, an increase of 53.3% from the July 31st total of 3,755,911 shares. Based on an average daily volume of 804,302 shares, the short-interest ratio is presently 7.2 days. Currently, 11.7% of the company’s shares are sold short.
Sabre Corp (NASDAQ:SABR) last posted its quarterly earnings results 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. Analysts expect that Sabre Corp will post $0.94 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 1.97%. The ex-dividend date 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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