Shares of Sabre Corporation (NASDAQ:SABR) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $24.33.
SABR has been the subject of several recent research reports. Zacks Investment Research raised Sabre Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 13th. TheStreet raised Sabre Corporation from a “c” rating to a “b-” rating in a research report on Monday, April 17th. Deutsche Bank AG lifted their target price on Sabre Corporation from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. BidaskClub cut Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Finally, Mizuho reiterated a “buy” rating and issued a $25.00 target price (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday.
Sabre Corporation (NASDAQ SABR) opened at 19.73 on Tuesday. Sabre Corporation has a 1-year low of $19.50 and a 1-year high of $29.45. The firm’s 50-day moving average price is $21.99 and its 200-day moving average price is $22.53. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 41.62 and a beta of 0.71.
Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $900.66 million during the quarter, compared to the consensus estimate of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. Sabre Corporation’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. On average, equities research analysts anticipate that Sabre Corporation will post $1.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is presently 116.67%.
In other Sabre Corporation news, insider Richard A. Simonson sold 36,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $24.43, for a total transaction of $879,480.00. Following the transaction, the insider now owns 231,103 shares in the company, valued at $5,645,846.29. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank boosted its position in shares of Sabre Corporation by 64.8% in the fourth quarter. Comerica Bank now owns 26,394 shares of the information technology services provider’s stock worth $664,000 after buying an additional 10,377 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in shares of 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 worth $2,161,000 after buying an additional 20,167 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Sabre Corporation by 3.2% in the fourth quarter. Macquarie Group Ltd. now owns 464,891 shares of the information technology services provider’s stock worth $11,598,000 after buying an additional 14,314 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Sabre Corporation during the first quarter worth about $386,000. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 worth $24,209,000 after buying an additional 45,138 shares during the last quarter.
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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