Sabre Corp.’s (SABR) Buy Rating Reaffirmed at Goldman Sachs Group Inc.
Sabre Corp. (NASDAQ:SABR)‘s stock had its “buy” rating restated by stock analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Wednesday.
SABR has been the subject of a number of other reports. Morgan Stanley restated a “buy” rating and issued a $38.00 price target on shares of Sabre Corp. in a research report on Monday, September 12th. Jefferies Group reiterated a “buy” rating and set a $33.00 target price on shares of Sabre Corp. in a research report on Tuesday, June 21st. Oppenheimer Holdings Inc. decreased their target price on Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 3rd. Evercore ISI reiterated a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, June 21st. Finally, Zacks Investment Research downgraded Sabre Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 4th. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $34.20.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 26.11 on Wednesday. Sabre Corp. has a 12 month low of $22.03 and a 12 month high of $30.45. The stock has a market capitalization of $7.26 billion, a P/E ratio of 15.22 and a beta of 0.87. The company’s 50-day moving average is $27.50 and its 200 day moving average is $27.89.
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Sabre Corp. (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company earned $845.20 million during the quarter, compared to the consensus estimate of $852.33 million. Sabre Corp. had a return on equity of 56.62% and a net margin of 14.87%. Sabre Corp.’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. Equities research analysts predict that Sabre Corp. will post $1.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 21st were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.99%. Sabre Corp.’s payout ratio is currently 30.41%.
In other Sabre Corp. news, Director Lawrence W. Kellner sold 20,000 shares of Sabre Corp. stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $28.26, for a total value of $565,200.00. Following the transaction, the director now owns 212,352 shares in the company, valued at $6,001,067.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Gregory T. Webb sold 220,000 shares of Sabre Corp. stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $26.47, for a total value of $5,823,400.00. Following the completion of the transaction, the insider now owns 220,000 shares in the company, valued at approximately $5,823,400. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its position in Sabre Corp. by 49.1% in the second quarter. IFP Advisors Inc now owns 3,965 shares of the company’s stock valued at $106,000 after buying an additional 1,305 shares during the period. FineMark National Bank & Trust raised its position in Sabre Corp. by 64.7% in the second quarter. FineMark National Bank & Trust now owns 5,096 shares of the company’s stock valued at $137,000 after buying an additional 2,001 shares during the period. American International Group Inc. raised its position in Sabre Corp. by 51.6% in the second quarter. American International Group Inc. now owns 5,107 shares of the company’s stock valued at $137,000 after buying an additional 1,738 shares during the period. Nisa Investment Advisors LLC raised its position in Sabre Corp. by 430.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,300 shares of the company’s stock valued at $149,000 after buying an additional 4,300 shares during the period. Finally, BlueMountain Capital Management LLC bought a new position in Sabre Corp. during the first quarter valued at about $162,000.
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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