Sabre (NASDAQ:SABR) was downgraded by equities research analysts at Evercore ISI from an “outperform” rating to an “underperform” rating in a research note issued on Friday, Marketbeat reports.
SABR has been the topic of a number of other research reports. Goldman Sachs Group lowered shares of Sabre from a “buy” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $20.00 in a research note on Monday, September 11th. Zacks Investment Research upgraded shares of Sabre from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Oppenheimer reiterated a “buy” rating and issued a $24.00 price target on shares of Sabre in a research note on Wednesday, November 1st. Deutsche Bank reiterated a “buy” rating and issued a $22.00 price target (down previously from $25.00) on shares of Sabre in a research note on Monday, October 9th. Finally, Cowen set a $23.00 price target on shares of Sabre and gave the company a “buy” rating in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.63.
Shares of Sabre (NASDAQ:SABR) traded down $0.46 on Friday, reaching $20.43. 3,790,922 shares of the company were exchanged, compared to its average volume of 1,746,234. Sabre has a twelve month low of $17.30 and a twelve month high of $25.33. The firm has a market cap of $5,741.03, a price-to-earnings ratio of 30.49, a P/E/G ratio of 5.12 and a beta of 0.76. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.89 and a current ratio of 0.89.
Large investors have recently made changes to their positions in the business. Advisor Group Inc. grew its position in shares of Sabre by 55.6% during the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after purchasing an additional 2,029 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in shares of Sabre during the 2nd quarter worth approximately $203,000. Citigroup Inc. grew its position in shares of Sabre by 98.9% during the 2nd quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock worth $207,000 after purchasing an additional 4,734 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Sabre by 2.1% during the 2nd 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. Finally, Delta Lloyd Asset Management N.V. acquired a new position in shares of Sabre during the 2nd quarter worth approximately $287,000.
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.
