Sabre (SABR) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Sabre (NASDAQ:SABR) from a hold rating to a buy rating in a report issued on Tuesday morning. Zacks Investment Research currently has $23.00 price objective on the information technology services provider’s stock.
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. “
Other equities analysts also recently issued research reports about the stock. Goldman Sachs Group downgraded shares of Sabre from a buy rating to a neutral rating and cut their price target for the company from $25.00 to $20.00 in a report on Monday, September 11th. Oppenheimer reiterated a buy rating and issued a $24.00 price target on shares of Sabre in a report on Wednesday, November 1st. Cowen set a $23.00 price target on shares of Sabre and gave the company a buy rating in a report on Thursday, October 12th. Deutsche Bank restated a buy rating and set a $22.00 target price (down from $25.00) on shares of Sabre in a report on Monday, October 9th. Finally, TheStreet upgraded shares of Sabre from a c rating to a b- rating in a report on Monday, November 27th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Sabre presently has an average rating of Hold and an average price target of $22.67.
Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. The business had revenue of $900.60 million during the quarter, compared to the consensus estimate of $884.04 million. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. equities analysts forecast that Sabre will post 1.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, December 21st were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, December 20th. This represents a $0.56 annualized dividend and a yield of 2.73%. Sabre’s dividend payout ratio (DPR) is currently 81.16%.
A number of large investors have recently bought and sold shares of SABR. FIL Ltd increased its holdings in Sabre by 433.5% during the 2nd quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock valued at $237,701,000 after acquiring an additional 8,872,029 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Sabre by 51.4% during the 2nd quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock worth $507,810,000 after purchasing an additional 7,919,869 shares during the last quarter. State Street Corp boosted its stake in shares of Sabre by 72.5% during the 2nd quarter. State Street Corp now owns 6,514,500 shares of the information technology services provider’s stock worth $141,819,000 after purchasing an additional 2,738,529 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of Sabre by 133.6% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,069,058 shares of the information technology services provider’s stock worth $66,813,000 after purchasing an additional 1,754,999 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its stake in shares of Sabre by 14.3% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 10,806,431 shares of the information technology services provider’s stock worth $195,596,000 after purchasing an additional 1,354,184 shares during the last quarter.
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Sabre 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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