Sabre Corporation (NASDAQ:SABR) was upgraded by stock analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $25.00 price objective on the information technology services provider’s stock. Jefferies Group LLC’s price target points to a potential upside of 40.29% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Mizuho reissued a “buy” rating and issued a $25.00 price objective (down previously from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. TheStreet downgraded shares of Sabre Corporation from a “b” rating to a “c” rating in a research note on Tuesday, August 1st. Bank of America Corporation downgraded shares of Sabre Corporation from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $24.00 to $18.00 in a research note on Monday, August 7th. Cowen and Company reissued an “outperform” rating and issued a $23.00 price objective (down previously from $26.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Sabre Corporation presently has an average rating of “Hold” and a consensus price target of $25.11.

Sabre Corporation (NASDAQ:SABR) traded down 2.09% on Tuesday, hitting $17.82. 1,722,901 shares of the stock were exchanged. Sabre Corporation has a 1-year low of $17.81 and a 1-year high of $29.45. The company has a market capitalization of $4.97 billion, a PE ratio of 37.59 and a beta of 0.71. The company has a 50-day moving average price of $21.05 and a 200 day moving average price of $22.17.

Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The business had revenue of $900.66 million during the quarter, compared to the consensus estimate of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS. Analysts anticipate that Sabre Corporation will post $1.36 EPS for the current fiscal year.

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In other news, insider Judson Wade Jones sold 3,822 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the completion of the transaction, the insider now owns 31,726 shares of the company’s stock, valued at $568,529.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of the firm’s stock in a transaction on 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 directly owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Beese Fulmer Investment Management Inc. increased its position in Sabre Corporation by 24.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 101,999 shares of the information technology services provider’s stock valued at $2,161,000 after buying an additional 20,167 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Sabre Corporation by 521.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 33,612 shares of the information technology services provider’s stock valued at $732,000 after buying an additional 28,200 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Sabre Corporation by 3.5% in the first quarter. Westwood Holdings Group Inc. now owns 194,387 shares of the information technology services provider’s stock valued at $4,119,000 after buying an additional 6,512 shares during the last quarter. Bank of New York Mellon Corp increased its position in Sabre Corporation by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 1,142,485 shares of the information technology services provider’s stock valued at $24,209,000 after buying an additional 45,138 shares during the last quarter. Finally, Visionary Asset Management Inc. acquired a new position in Sabre Corporation during the second quarter valued at about $319,000.

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.

Analyst Recommendations for Sabre Corporation (NASDAQ:SABR)

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