Sabre Corporation (SABR) Given a $23.00 Price Target at Cowen and Company
Sabre Corporation (NASDAQ:SABR) has been given a $23.00 target price by analysts at Cowen and Company in a research note issued on Thursday. The firm presently has a “buy” rating on the information technology services provider’s stock. Cowen and Company’s target price suggests a potential upside of 27.78% from the stock’s previous close.
SABR has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) lowered Sabre Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $20.00 in a research note on Monday, September 11th. BidaskClub lowered Sabre Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Zacks Investment Research raised Sabre Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Deutsche Bank AG reissued a “buy” rating and set a $22.00 price target (down from $25.00) on shares of Sabre Corporation in a research note on Monday. Finally, 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. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.63.
Sabre Corporation (NASDAQ SABR) traded down 1.04% during mid-day trading on Thursday, reaching $18.00. The company had a trading volume of 1,683,956 shares. The company has a market capitalization of $5.02 billion, a PE ratio of 37.97 and a beta of 0.74. The firm has a 50-day moving average of $18.18 and a 200 day moving average of $20.92. Sabre Corporation has a 1-year low of $17.30 and a 1-year high of $27.35.
Sabre Corporation (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 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 company had revenue of $900.66 million during the quarter, compared to analyst estimates of $895.05 million. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, analysts predict that Sabre Corporation will post $1.35 earnings per share for the current fiscal year.
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In related news, insider Hugh W. Jones sold 36,100 shares of the firm’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 transaction of $726,332.00. Following the completion of the sale, the insider now directly owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Judson Wade Jones sold 3,822 shares of the firm’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 sale, the insider now directly owns 31,726 shares of the company’s stock, valued at $568,529.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of SABR. Creative Planning lifted its stake in shares of Sabre Corporation by 4.7% during the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 205 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Sabre Corporation by 55.6% during the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after acquiring an additional 2,029 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Sabre Corporation by 21.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after acquiring an additional 1,100 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Sabre Corporation during the 2nd quarter worth approximately $203,000. Finally, Parametrica Management Ltd bought a new stake in shares of Sabre Corporation during the 2nd quarter worth approximately $206,000.
About Sabre Corporation
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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