Sabre Corporation (SABR) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of Sabre Corporation (NASDAQ:SABR) from a sell rating to a hold rating in a report released on Wednesday morning.
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 brokerages have also commented on SABR. TheStreet lowered Sabre Corporation from a b rating to a c rating in a research report on Tuesday, August 1st. Bank of America Corporation lowered Sabre Corporation from a neutral rating to an underperform rating and decreased their target price for the stock from $24.00 to $18.00 in a research report on Monday, August 7th. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $24.00 target price (down previously from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Mizuho reiterated a buy rating and issued a $25.00 target price (down previously from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC upgraded Sabre Corporation from a hold rating to a buy rating and set a $25.00 target price for the company in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $23.00.
Sabre Corporation (NASDAQ:SABR) traded up 0.44% during midday trading on Wednesday, hitting $18.31. The stock had a trading volume of 1,336,955 shares. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 38.63 and a beta of 0.74. Sabre Corporation has a 12-month low of $17.30 and a 12-month high of $27.68. The company has a 50-day moving average price of $18.09 and a 200-day moving average price of $21.05.
Sabre Corporation (NASDAQ:SABR) last issued its earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $900.66 million during the quarter, compared to analyst estimates of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. Equities analysts anticipate that Sabre Corporation will post $1.35 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, September 20th. This represents a $0.56 dividend on an annualized basis and a yield of 3.06%. Sabre Corporation’s dividend payout ratio is currently 116.67%.
In other Sabre Corporation news, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total transaction of $68,490.24. Following the sale, the insider now owns 31,726 shares of the company’s stock, valued at approximately $568,529.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $726,332.00. Following the sale, the insider now directly owns 82,600 shares in the company, valued at approximately $1,661,912. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Creative Planning raised its stake in Sabre Corporation by 4.7% during the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 205 shares in the last quarter. Advisor Group Inc. raised its stake in Sabre Corporation by 55.6% during the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after acquiring an additional 2,029 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Sabre Corporation by 21.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after acquiring an additional 1,100 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in Sabre Corporation during the 2nd quarter valued at $203,000. Finally, Parametrica Management Ltd bought a new stake in Sabre Corporation during the 2nd quarter valued at $206,000.
About Sabre Corporation
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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