Sabre Corporation (SABR) Lifted to Hold at Zacks Investment Research
Sabre Corporation (NASDAQ:SABR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Sabre Corporation engages in providing technology solutions to the global travel and tourism industry. The company operates four brands/businesses: Sabre Airline Solutions (R), Sabre Hospitality Solutions (R), Sabre Travel Network (R) and Travelocity (R). Its software, data, mobile and distribution solutions are used by airlines hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre Corporation is headquartered in Southlake, Texas. “
A number of other equities research analysts also recently weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $24.00 price target (down from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) cut Sabre Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $20.00 in a research note on Monday, September 11th. Jefferies Group LLC raised Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, August 15th. BidaskClub downgraded Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Finally, Cowen and Company restated an “outperform” rating and issued a $23.00 price objective (down previously from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.22.
Sabre Corporation (SABR) traded down 0.92% during midday trading on Wednesday, hitting $18.28. 503,895 shares of the stock traded hands. Sabre Corporation has a 1-year low of $17.30 and a 1-year high of $27.98. The company has a 50-day moving average price of $18.08 and a 200-day moving average price of $21.07. The firm has a market cap of $5.09 billion, a P/E ratio of 38.57 and a beta of 0.74.
Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The firm had revenue of $900.66 million during the quarter, compared to analysts’ expectations of $895.05 million. During the same quarter last year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that Sabre Corporation will post $1.35 EPS for the current year.
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In related news, insider Judson Wade Jones sold 3,822 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the completion of the sale, the insider now directly owns 31,726 shares in the company, valued at approximately $568,529.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Hugh W. Jones sold 36,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $726,332.00. Following the sale, the insider now directly owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. 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 valued at $100,000 after purchasing an additional 205 shares during the period. Advisor Group Inc. lifted its stake in shares of Sabre Corporation by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after buying an additional 2,029 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake 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 during the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Sabre Corporation in the second quarter worth $203,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Sabre Corporation in the second quarter worth $206,000.
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.
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