Stock analysts at Berenberg Bank started coverage on shares of Sabre (NASDAQ:SABR) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set a “sell” rating and a $18.00 price target on the information technology services provider’s stock. Berenberg Bank’s price objective points to a potential downside of 18.14% from the company’s current price.
A number of other equities research analysts have also commented on the company. Imperial Capital reaffirmed a “buy” rating and set a $33.00 price target on shares of Sabre in a research report on Wednesday, October 31st. They noted that the move was a valuation call. BidaskClub lowered Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Deutsche Bank lowered Sabre from a “buy” rating to a “hold” rating and dropped their price target for the stock from $28.00 to $27.00 in a research report on Thursday, December 13th. Morgan Stanley raised their price target on Sabre from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Finally, Bank of America lowered Sabre from a “buy” rating to a “neutral” rating in a research report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Sabre has an average rating of “Hold” and an average target price of $27.33.
NASDAQ:SABR traded down $0.64 during mid-day trading on Monday, hitting $21.99. The company had a trading volume of 25,001 shares, compared to its average volume of 2,012,838. Sabre has a fifty-two week low of $17.91 and a fifty-two week high of $26.78. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.58. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 2.50 and a beta of 0.86.
Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. The company had revenue of $970.28 million for the quarter, compared to analyst estimates of $944.97 million. Sabre had a return on equity of 45.54% and a net margin of 8.76%. Sabre’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. Sell-side analysts predict that Sabre will post 1.36 earnings per share for the current year.
In other Sabre news, VP Jami Kindle sold 8,719 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $26.05, for a total value of $227,129.95. Following the completion of the transaction, the vice president now directly owns 17,013 shares in the company, valued at $443,188.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence W. Kellner sold 5,944 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $25.01, for a total value of $148,659.44. Following the completion of the transaction, the director now owns 214,998 shares of the company’s stock, valued at $5,377,099.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,783 shares of company stock valued at $779,284. 0.67% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. First Citizens Bank & Trust Co. bought a new position in shares of Sabre during the 3rd quarter worth approximately $396,000. Bank of Montreal Can boosted its stake in shares of Sabre by 56.9% during the 3rd quarter. Bank of Montreal Can now owns 1,170,165 shares of the information technology services provider’s stock worth $30,517,000 after acquiring an additional 424,431 shares during the period. W.E. Donoghue & Co. LLC boosted its stake in shares of Sabre by 100.2% during the 3rd quarter. W.E. Donoghue & Co. LLC now owns 38,081 shares of the information technology services provider’s stock worth $993,000 after acquiring an additional 19,061 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Sabre by 4.9% during the 3rd quarter. William Blair Investment Management LLC now owns 2,000,030 shares of the information technology services provider’s stock worth $52,161,000 after acquiring an additional 92,845 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Sabre during the 3rd quarter worth approximately $2,285,000. Institutional investors own 95.00% of the company’s stock.
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.
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