Sabre (NASDAQ:SABR) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a report released on Monday.

Several other research analysts also recently weighed in on SABR. Mizuho reaffirmed a “buy” rating and set a $25.00 target price (down from $27.00) on shares of Sabre in a research note on Wednesday, August 2nd. Cowen reaffirmed an “outperform” rating and set a $23.00 target price (down from $26.00) on shares of Sabre in a research note on Wednesday, August 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $24.00 target price (down from $27.00) on shares of Sabre in a research note on Wednesday, August 2nd. Bank of America downgraded Sabre from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $24.00 to $18.00 in a research note on Monday, August 7th. Finally, Zacks Investment Research downgraded Sabre from a “buy” rating to a “sell” rating in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.63.

Shares of Sabre (SABR) traded up $0.34 during mid-day trading on Monday, hitting $19.82. The stock had a trading volume of 1,732,700 shares, compared to its average volume of 3,087,678. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 5.29. The firm has a market cap of $5,450.00, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 4.67 and a beta of 0.76. Sabre has a twelve month low of $17.30 and a twelve month high of $27.35.

Sabre (NASDAQ:SABR) last announced its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The business had revenue of $900.60 million during the quarter, compared to the consensus estimate of $884.04 million. Sabre had a return on equity of 53.97% and a net margin of 5.22%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. research analysts forecast that Sabre will post 1.22 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning increased its position in shares of Sabre by 4.7% during the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 205 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Sabre by 2.1% during the second quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock worth $272,000 after purchasing an additional 254 shares in the last quarter. Utah Retirement Systems increased its position in shares of Sabre by 1.1% during the second quarter. Utah Retirement Systems now owns 38,100 shares of the information technology services provider’s stock worth $830,000 after purchasing an additional 400 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Sabre by 6.9% during the second quarter. GSA Capital Partners LLP now owns 16,780 shares of the information technology services provider’s stock worth $365,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Sabre by 21.6% during the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after purchasing an additional 1,100 shares in the last quarter.

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About Sabre

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.

Analyst Recommendations for Sabre (NASDAQ:SABR)

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