Sabre Corporation (NASDAQ:SABR) Stock Rating Lowered by BidaskClub
Sabre Corporation (NASDAQ:SABR) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.
A number of other research firms have also recently issued reports on SABR. TheStreet raised Sabre Corporation from a “c” rating to a “b-” rating in a research note on Monday, April 17th. Deutsche Bank AG lifted their price target on Sabre Corporation from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Zacks Investment Research raised Sabre Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 13th. Finally, Morgan Stanley lowered Sabre Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $26.00 to $24.00 in a research note on Thursday, April 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Sabre Corporation has an average rating of “Hold” and an average price target of $28.86.
Shares of Sabre Corporation (NASDAQ:SABR) traded up 0.89% during trading on Friday, hitting $21.43. 2,663,431 shares of the company traded hands. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 28.57 and a beta of 0.71. Sabre Corporation has a one year low of $20.09 and a one year high of $29.63. The firm has a 50 day moving average price of $22.82 and a 200-day moving average price of $23.10.
Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, May 2nd. The information technology services provider reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.11. Sabre Corporation had a return on equity of 43.18% and a net margin of 6.22%. The company had revenue of $915.35 million for the quarter, compared to analysts’ expectations of $897.62 million. During the same quarter last year, the business earned $0.41 earnings per share. Sabre Corporation’s revenue was up 6.5% on a year-over-year basis. Analysts predict that Sabre Corporation will post $1.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 21st were issued a $0.14 dividend. The ex-dividend date was Monday, June 19th. This represents a $0.56 dividend on an annualized basis and a yield of 2.61%. Sabre Corporation’s payout ratio is currently 74.67%.
In other news, insider Richard A. Simonson sold 142,119 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $23.24, for a total transaction of $3,302,845.56. Following the completion of the sale, the insider now owns 333,016 shares in the company, valued at $7,739,291.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Richard A. Simonson sold 12,549 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $22.15, for a total value of $277,960.35. Following the sale, the insider now owns 187,516 shares of the company’s stock, valued at approximately $4,153,479.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 293,666 shares of company stock valued at $6,967,257. Corporate insiders own 1.80% of the company’s stock.
Large investors have recently made changes to their positions in the company. Verde Servicos Internacionais S.A. bought a new stake in shares of Sabre Corporation during the first quarter valued at about $593,000. Bremer Trust National Association increased its stake in shares of Sabre Corporation by 16.6% in the first quarter. Bremer Trust National Association now owns 15,046 shares of the information technology services provider’s stock valued at $319,000 after buying an additional 2,141 shares during the period. Bank of Montreal Can increased its stake in shares of Sabre Corporation by 142.3% in the first quarter. Bank of Montreal Can now owns 1,367,181 shares of the information technology services provider’s stock valued at $28,971,000 after buying an additional 802,918 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Sabre Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 55,018 shares of the information technology services provider’s stock valued at $1,165,000 after buying an additional 800 shares during the period. Finally, Trust Co increased its stake in shares of Sabre Corporation by 16.3% in the fourth quarter. Trust Co now owns 9,601 shares of the information technology services provider’s stock valued at $240,000 after buying an additional 1,345 shares during the period.
Sabre Corporation Company Profile
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. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
Receive News & Ratings for Sabre Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corporation and related companies with MarketBeat.com's FREE daily email newsletter.