Sabre Corp (SABR) Given Average Rating of “Hold” by Analysts
Shares of Sabre Corp (NASDAQ:SABR) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $22.67.
A number of research firms recently commented on SABR. Zacks Investment Research raised Sabre from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday. Goldman Sachs Group lowered Sabre from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $20.00 in a research note on Monday, September 11th. Oppenheimer reaffirmed a “buy” rating and set a $24.00 price objective on shares of Sabre in a research note on Wednesday, November 1st. Cowen set a $23.00 price objective on Sabre and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Deutsche Bank reiterated a “buy” rating and set a $22.00 target price (down from $25.00) on shares of Sabre in a research report on Monday, October 9th.
Sabre (SABR) remained flat at $$20.63 during trading on Tuesday. 1,285,014 shares of the company’s stock were exchanged, compared to its average volume of 2,019,969. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 5.29. The company has a market cap of $5,700.00, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 4.85 and a beta of 0.76. Sabre has a 52-week low of $17.30 and a 52-week high of $25.33.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were issued a $0.14 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.71%. Sabre’s dividend payout ratio (DPR) is 81.16%.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Sabre by 51.4% in the 2nd quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock worth $507,810,000 after purchasing an additional 7,919,869 shares during the period. Vanguard Group Inc. raised its holdings in shares of Sabre by 4.0% during the 2nd quarter. Vanguard Group Inc. now owns 16,094,899 shares of the information technology services provider’s stock valued at $350,385,000 after buying an additional 619,975 shares during the period. FIL Ltd raised its holdings in shares of Sabre by 433.5% during the 2nd quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock valued at $237,701,000 after buying an additional 8,872,029 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of Sabre by 14.3% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 10,806,431 shares of the information technology services provider’s stock valued at $195,596,000 after buying an additional 1,354,184 shares during the period. Finally, State Street Corp raised its holdings in shares of Sabre by 72.5% during the 2nd quarter. State Street Corp now owns 6,514,500 shares of the information technology services provider’s stock valued at $141,819,000 after buying an additional 2,738,529 shares during the period.
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Sabre 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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