Oppenheimer Comments on Sabre Corp’s Q4 2017 Earnings (SABR)

Sabre Corp (NASDAQ:SABR) – Research analysts at Oppenheimer lifted their Q4 2017 earnings per share estimates for shares of Sabre in a note issued to investors on Thursday. Oppenheimer analyst J. Kelly now forecasts that the information technology services provider will post earnings per share of $0.21 for the quarter, up from their prior estimate of $0.20. Oppenheimer currently has a “Buy” rating and a $24.00 target price on the stock.

Several other analysts have also recently issued reports on SABR. Zacks Investment Research cut Sabre from a “buy” rating to a “hold” rating in a research report on Friday. Mizuho reiterated a “buy” rating and set a $25.00 target price on shares of Sabre in a research report on Thursday, January 25th. TheStreet upgraded Sabre from a “c” rating to a “b-” rating in a research report on Monday, November 27th. Finally, Evercore ISI cut Sabre from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Sabre currently has a consensus rating of “Hold” and a consensus target price of $22.67.

Shares of Sabre (NASDAQ SABR) opened at $18.55 on Monday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.89 and a current ratio of 0.89. Sabre has a 1 year low of $17.30 and a 1 year high of $25.01. The stock has a market capitalization of $5,097.95, a PE ratio of 27.69, a P/E/G ratio of 4.45 and a beta of 0.72.

A number of institutional investors have recently made changes to their positions in the stock. Burgundy Asset Management Ltd. boosted its stake in Sabre by 14.3% during the third 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 last quarter. State Street Corp lifted its stake in shares of Sabre by 72.5% in 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 purchasing an additional 2,738,529 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Sabre by 19.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,176,740 shares of the information technology services provider’s stock valued at $65,122,000 after purchasing an additional 512,788 shares during the last quarter. Miller Howard Investments Inc. NY bought a new stake in shares of Sabre in the 4th quarter valued at approximately $64,563,000. Finally, Schroder Investment Management Group lifted its stake in shares of Sabre by 16.1% in the 4th quarter. Schroder Investment Management Group now owns 3,076,973 shares of the information technology services provider’s stock valued at $63,078,000 after purchasing an additional 426,908 shares during the last quarter.

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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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