Sabre Corporation (SABR) Upgraded at Zacks Investment Research
Sabre Corporation (NASDAQ:SABR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
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 equities analysts also recently weighed in on the stock. Goldman Sachs Group, Inc. (The) downgraded shares of Sabre Corporation from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $20.00 in a report on Monday, September 11th. BidaskClub cut shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Cowen and Company restated an “outperform” rating and set a $23.00 price objective (down from $26.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Jefferies Group LLC raised shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, August 15th. Finally, Mizuho reaffirmed 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Sabre Corporation presently has an average rating of “Hold” and a consensus target price of $23.22.
Shares of Sabre Corporation (SABR) traded down 0.623% during mid-day trading on Wednesday, reaching $18.335. 333,288 shares of the company traded hands. The firm has a 50-day moving average price of $18.08 and a 200 day moving average price of $21.07. Sabre Corporation has a 52 week low of $17.30 and a 52 week high of $27.98. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 38.681 and a beta of 0.74.
Sabre Corporation (NASDAQ:SABR) last announced its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The firm had revenue of $900.66 million during the quarter, compared to analysts’ expectations of $895.05 million. During the same period last year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Sabre Corporation will post $1.35 earnings per share for the current year.
In related news, insider Hugh W. Jones sold 36,100 shares of the business’s 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 completion of the transaction, the insider now directly owns 82,600 shares in the company, valued at approximately $1,661,912. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Judson Wade Jones sold 3,822 shares of the 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 directly owns 31,726 shares in the company, valued at $568,529.92. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its holdings 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 in the last quarter. Advisor Group Inc. raised its position 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 worth $121,000 after acquiring an additional 2,029 shares during the period. Daiwa Securities Group Inc. raised its position 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 worth $135,000 after acquiring an additional 1,100 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of Sabre Corporation in the second quarter worth about $203,000. Finally, Parametrica Management Ltd acquired a new position in shares of Sabre Corporation in the second quarter worth about $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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