Zacks Investment Research Lowers Sabre Corporation (SABR) to Sell
Sabre Corporation (NASDAQ:SABR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
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. “
Other research analysts have also issued reports about the company. Jefferies Group LLC upgraded Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, August 15th. Deutsche Bank AG reiterated a “buy” rating and issued a $22.00 price objective (down from $25.00) on shares of Sabre Corporation in a research report on Monday. Mizuho reiterated a “buy” rating and issued a $25.00 price objective (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. TheStreet lowered Sabre Corporation from a “b” rating to a “c” rating in a research report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) lowered Sabre Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $20.00 in a research report on Monday, September 11th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Sabre Corporation currently has an average rating of “Hold” and a consensus target price of $22.63.
Shares of Sabre Corporation (NASDAQ SABR) opened at 18.19 on Thursday. The company’s 50 day moving average price is $18.18 and its 200-day moving average price is $20.94. Sabre Corporation has a 52 week low of $17.30 and a 52 week high of $27.35. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 38.38 and a beta of 0.74.
Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $900.66 million during the quarter, compared to analyst estimates of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. Analysts anticipate that Sabre Corporation will post $1.35 earnings per share for the current fiscal year.
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In other news, insider Hugh W. Jones sold 36,100 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 82,600 shares in the company, valued at $1,661,912. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Judson Wade Jones sold 3,822 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 31,726 shares of the company’s stock, valued at $568,529.92. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning raised its stake 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 acquiring an additional 205 shares in the last quarter. Advisor Group Inc. raised 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 valued at $121,000 after acquiring an additional 2,029 shares in the last quarter. Daiwa Securities Group Inc. raised 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 valued at $135,000 after acquiring an additional 1,100 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Sabre Corporation in the second quarter valued at $203,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Sabre Corporation in the second quarter valued at $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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