Sabre Corporation (NASDAQ:SABR) Given Average Recommendation of “Hold” by Brokerages
Shares of Sabre Corporation (NASDAQ:SABR) have earned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $23.17.
A number of brokerages have issued reports on SABR. Mizuho reissued a “buy” rating and set a $25.00 price objective (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet cut Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Bank of America Corporation cut Sabre Corporation from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $24.00 to $18.00 in a report on Monday, August 7th. Cowen and Company reissued an “outperform” rating and set a $23.00 price objective (down from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Finally, BidaskClub cut Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th.
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Sabre Corporation (SABR) traded up 0.11% during midday trading on Friday, reaching $17.89. 2,418,233 shares of the company’s stock traded hands. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 37.74 and a beta of 0.71. The company’s 50-day moving average price is $21.18 and its 200 day moving average price is $22.25. Sabre Corporation has a 52 week low of $17.81 and a 52 week high of $29.45.
Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The firm had revenue of $900.66 million for 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 business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 earnings per share. On average, equities research analysts expect that Sabre Corporation will post $1.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.13%. Sabre Corporation’s dividend payout ratio is 116.67%.
In related news, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $726,332.00. Following the completion of the transaction, the insider now directly owns 82,600 shares of the company’s stock, valued at $1,661,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $17.92, for a total value of $68,490.24. Following the completion of the transaction, the insider now directly owns 31,726 shares of the company’s stock, valued at $568,529.92. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Creative Planning boosted its stake in shares of 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 in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Sabre Corporation by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,412 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 232 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of 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 in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of 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 in the last quarter. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Sabre Corporation during the second quarter valued at $203,000.
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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