Sabre Corporation (NASDAQ:SABR) Lowered to “Underperform” at Bank of America Corporation
Sabre Corporation (NASDAQ:SABR) was downgraded by equities researchers at Bank of America Corporation from a “neutral” rating to an “underperform” rating in a research report issued on Monday, The Fly reports.
Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Sabre Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 13th. BidaskClub cut shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Deutsche Bank AG boosted their price objective on shares of Sabre Corporation from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. TheStreet upgraded shares of Sabre Corporation from a “c” rating to a “b-” rating in a report on Monday, April 17th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $24.00 target price (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Sabre Corporation currently has an average rating of “Buy” and an average target price of $26.14.
Sabre Corporation (SABR) opened at 19.73 on Monday. The firm’s 50-day moving average price is $21.99 and its 200-day moving average price is $22.53. Sabre Corporation has a 1-year low of $19.50 and a 1-year high of $29.45. The firm has a market capitalization of $5.50 billion, a PE ratio of 41.62 and a beta of 0.71.
Sabre Corporation (NASDAQ:SABR) last announced its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The company had revenue of $900.66 million during the quarter, compared to analysts’ expectations of $895.05 million. During the same period in the previous year, the company earned $0.37 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts predict that Sabre Corporation will post $1.36 EPS for the current fiscal year.
WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/07/sabre-corporation-nasdaqsabr-lowered-to-underperform-at-bank-of-america-corporation.html.
In related news, insider Richard A. Simonson sold 36,000 shares of Sabre Corporation stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $24.43, for a total transaction of $879,480.00. Following the transaction, the insider now owns 231,103 shares in the company, valued at approximately $5,645,846.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Creative Planning raised its position in shares of Sabre Corporation by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after buying an additional 205 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Sabre Corporation by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,412 shares of the information technology services provider’s stock worth $107,000 after buying an additional 232 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Sabre Corporation by 21.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after buying an additional 1,100 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Sabre Corporation during the second quarter worth approximately $206,000. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Sabre Corporation by 17.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,529 shares of the information technology services provider’s stock worth $202,000 after buying an additional 1,442 shares in the last quarter.
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.