Shares of Sabre Corp (NASDAQ:SABR) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $28.33.
Several equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Sabre from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Imperial Capital reissued a “buy” rating and issued a $33.00 target price on shares of Sabre in a research report on Wednesday, October 31st. They noted that the move was a valuation call. BidaskClub raised shares of Sabre from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Zacks Investment Research downgraded shares of Sabre from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, ValuEngine downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st.
In related news, Director Judy C. Odom sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $24.78, for a total transaction of $247,800.00. Following the completion of the sale, the director now owns 41,039 shares of the company’s stock, valued at approximately $1,016,946.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard A. Simonson sold 60,354 shares of the business’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $26.00, for a total transaction of $1,569,204.00. Following the sale, the insider now directly owns 249,941 shares of the company’s stock, valued at approximately $6,498,466. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,354 shares of company stock valued at $2,192,004. Insiders own 0.67% of the company’s stock.
Several large investors have recently made changes to their positions in SABR. Principal Financial Group Inc. grew its position in shares of Sabre by 9.1% during the 1st quarter. Principal Financial Group Inc. now owns 969,348 shares of the information technology services provider’s stock valued at $20,793,000 after buying an additional 80,880 shares during the last quarter. Suntrust Banks Inc. grew its position in Sabre by 56.7% in the 1st quarter. Suntrust Banks Inc. now owns 18,846 shares of the information technology services provider’s stock worth $403,000 after purchasing an additional 6,821 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Sabre in the 1st quarter worth about $269,000. Brown Advisory Inc. bought a new position in Sabre in the 1st quarter worth about $288,000. Finally, DnB Asset Management AS grew its position in Sabre by 18.2% in the 2nd quarter. DnB Asset Management AS now owns 19,524 shares of the information technology services provider’s stock worth $481,000 after purchasing an additional 3,000 shares during the last quarter.
Shares of SABR traded up $0.02 during midday trading on Monday, hitting $25.57. The company had a trading volume of 1,642,377 shares, compared to its average volume of 2,319,413. The company has a market capitalization of $6.95 billion, a P/E ratio of 19.67, a PEG ratio of 2.60 and a beta of 0.69. Sabre has a 52 week low of $17.91 and a 52 week high of $26.78. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.14 and a current ratio of 1.14.
Sabre (NASDAQ:SABR) last released its earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The company had revenue of $970.28 million during the quarter, compared to the consensus estimate of $944.97 million. Sabre had a net margin of 8.76% and a return on equity of 45.54%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. As a group, sell-side analysts expect that Sabre will post 1.36 earnings per share for the current fiscal year.
Sabre Company Profile
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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