Evercore ISI Lowers Sabre (SABR) to Underperform
Sabre (NASDAQ:SABR) was downgraded by equities research analysts at Evercore ISI from an “outperform” rating to an “underperform” rating in a note issued to investors on Friday.
SABR has been the subject of a number of other reports. Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Goldman Sachs Group cut Sabre from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $20.00 in a report on Monday, September 11th. Deutsche Bank reaffirmed a “buy” rating and set a $22.00 price target (down from $25.00) on shares of Sabre in a report on Monday, October 9th. TheStreet raised Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th. Finally, Cowen set a $23.00 price target on Sabre and gave the company a “buy” rating in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.63.
Sabre (SABR) opened at $20.89 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 5.29. The company has a market capitalization of $5,757.52, a P/E ratio of 31.18, a P/E/G ratio of 5.14 and a beta of 0.76. Sabre has a 52-week low of $17.30 and a 52-week high of $25.33.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its stake in shares of Sabre by 55.6% in the 2nd 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 period. Neuberger Berman Group LLC acquired a new stake in shares of Sabre in the 2nd quarter valued at $203,000. Citigroup Inc. increased its stake in shares of Sabre by 98.9% in the 2nd quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock valued at $207,000 after buying an additional 4,734 shares during the period. Toronto Dominion Bank increased its stake in shares of Sabre by 2.1% in the 2nd quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock valued at $272,000 after buying an additional 254 shares during the period. Finally, Delta Lloyd Asset Management N.V. acquired a new stake in shares of Sabre in the 2nd quarter valued at $287,000.
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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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