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 note issued to investors on Saturday.
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 analysts have also issued reports on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $24.00 price target on shares of Sabre Corporation in a research report on Wednesday. Cowen and Company set a $23.00 price target on shares of Sabre Corporation and gave the stock a “buy” rating in a research report on Thursday, October 12th. Deutsche Bank AG reissued a “buy” rating and issued a $22.00 price target (down from $25.00) on shares of Sabre Corporation in a research report on Monday, October 9th. Goldman Sachs Group, Inc. (The) lowered shares of Sabre Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $20.00 in a research report on Monday, September 11th. Finally, Jefferies Group LLC raised shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Sabre Corporation presently has a consensus rating of “Hold” and a consensus price target of $22.63.
Shares of Sabre Corporation (NASDAQ:SABR) opened at $18.74 on Friday. The company has a debt-to-equity ratio of 5.29, a current ratio of 0.89 and a quick ratio of 0.86. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 4.49 and a beta of 0.76. Sabre Corporation has a 1-year low of $17.30 and a 1-year high of $27.35.
Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The business had revenue of $900.60 million during the quarter, compared to analyst estimates of $884.04 million. Sabre Corporation had a net margin of 5.22% and a return on equity of 53.97%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. equities research analysts anticipate that Sabre Corporation will post 1.21 EPS for the current year.
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In related news, insider Judson Wade Jones sold 3,822 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of SABR. Creative Planning raised its position in Sabre Corporation by 4.7% during 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 position in Sabre Corporation by 55.6% during 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 position in Sabre Corporation by 21.6% during 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 position in Sabre Corporation during the second quarter valued at approximately $203,000. Finally, Parametrica Management Ltd acquired a new position in Sabre Corporation during the second quarter valued at 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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