Sabre Corp.’s (SABR) “Buy” Rating Reaffirmed at Goldman Sachs Group Inc.
Sabre Corp. (NASDAQ:SABR)‘s stock had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. in a report released on Wednesday.
A number of other analysts have also recently weighed in on SABR. Evercore ISI restated a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. Jefferies Group reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Sabre Corp. in a research note on Tuesday, June 21st. Oppenheimer Holdings Inc. decreased their price objective on shares of Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, August 3rd. KeyCorp decreased their price objective on shares of Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, August 3rd. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Sabre Corp. in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. Sabre Corp. presently has an average rating of “Buy” and an average target price of $34.20.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 26.11 on Wednesday. Sabre Corp. has a 1-year low of $22.03 and a 1-year high of $30.45. The company has a 50-day moving average price of $27.50 and a 200-day moving average price of $27.89. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 15.22 and a beta of 0.87.
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Sabre Corp. (NASDAQ:SABR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The firm earned $845.20 million during the quarter, compared to analysts’ expectations of $852.33 million. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. On average, equities analysts expect that Sabre Corp. will post $1.43 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Monday, September 19th. Sabre Corp.’s dividend payout ratio (DPR) is currently 30.41%.
In other Sabre Corp. news, EVP William G. Robinson, Jr. sold 20,439 shares of Sabre Corp. stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $28.01, for a total transaction of $572,496.39. Following the completion of the sale, the executive vice president now owns 68,893 shares of the company’s stock, valued at approximately $1,929,692.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hugh W. Jones sold 106,036 shares of Sabre Corp. stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $26.68, for a total transaction of $2,829,040.48. Following the sale, the insider now directly owns 144,298 shares of the company’s stock, valued at approximately $3,849,870.64. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
Large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Sabre Corp. by 26.3% in the first quarter. Geode Capital Management LLC now owns 1,270,962 shares of the company’s stock worth $36,737,000 after buying an additional 264,757 shares during the period. Altrinsic Global Advisors LLC bought a new stake in shares of Sabre Corp. during the first quarter worth about $30,518,000. UBS Asset Management Americas Inc. raised its stake in shares of Sabre Corp. by 108.2% in the first quarter. UBS Asset Management Americas Inc. now owns 727,578 shares of the company’s stock worth $21,042,000 after buying an additional 378,155 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Sabre Corp. during the first quarter worth about $1,657,000. Finally, State Street Corp raised its stake in shares of Sabre Corp. by 15.4% in the first quarter. State Street Corp now owns 2,559,442 shares of the company’s stock worth $74,022,000 after buying an additional 342,064 shares during the period.
Sabre Corp. Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management.
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