Sabre Corporation (NASDAQ:SABR) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Sabre Corporation (NASDAQ:SABR) from a sell rating to a hold rating in a research note published on Wednesday, October 4th.
According to Zacks, “Sabre Corporation engages in providing technology solutions to the global travel and tourism industry. The company operates four brands/businesses: Sabre Airline Solutions (R), Sabre Hospitality Solutions (R), Sabre Travel Network (R) and Travelocity (R). Its software, data, mobile and distribution solutions are used by airlines hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre Corporation is headquartered in Southlake, Texas. “
Several other research firms also recently weighed in on SABR. BidaskClub downgraded Sabre Corporation from a sell rating to a strong sell rating in a report on Saturday, July 8th. Oppenheimer Holdings, Inc. restated an outperform rating and issued a $24.00 price objective (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet downgraded Sabre Corporation from a b rating to a c rating in a report on Tuesday, August 1st. Cowen and Company restated an outperform rating and issued a $23.00 price objective (down from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Finally, Mizuho restated a buy rating and issued a $25.00 price objective (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $22.63.
Shares of Sabre Corporation (SABR) traded up 0.61% on Wednesday, reaching $18.11. 1,257,644 shares of the company’s stock traded hands. The stock has a 50-day moving average of $18.17 and a 200 day moving average of $20.90. Sabre Corporation has a 12-month low of $17.30 and a 12-month high of $27.35. The firm has a market cap of $5.05 billion, a P/E ratio of 38.21 and a beta of 0.74.
Sabre Corporation (NASDAQ:SABR) last issued its earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. The firm had revenue of $900.66 million during the quarter, compared to analyst estimates of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 earnings per share. On average, equities research analysts expect that Sabre Corporation will post $1.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 21st were issued a $0.14 dividend. The ex-dividend date was Wednesday, September 20th. This represents a $0.56 dividend on an annualized basis and a yield of 3.09%. Sabre Corporation’s dividend payout ratio is presently 116.67%.
In other news, insider Judson Wade Jones sold 3,822 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the transaction, the insider now owns 31,726 shares in the company, valued at $568,529.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following the transaction, the insider now owns 82,600 shares in the company, valued at approximately $1,661,912. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning boosted its position in Sabre Corporation by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 205 shares during the last quarter. Advisor Group Inc. boosted its position in Sabre Corporation by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after buying an additional 2,029 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Sabre Corporation by 21.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after buying an additional 1,100 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in Sabre Corporation in the second quarter valued at approximately $203,000. Finally, Parametrica Management Ltd purchased a new stake in Sabre Corporation in the second quarter valued at approximately $206,000.
Sabre Corporation 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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