Sabre (NASDAQ:SABR) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.
Several other brokerages also recently weighed in on SABR. TheStreet upgraded shares of Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th. Mizuho reiterated a “buy” rating and issued a $25.00 price target on shares of Sabre in a report on Thursday, January 25th. Zacks Investment Research upgraded shares of Sabre from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Saturday, February 3rd. Evercore ISI cut shares of Sabre from an “outperform” rating to an “underperform” rating in a research note on Friday, January 5th. Finally, Cowen reaffirmed a “buy” rating and set a $27.00 price objective on shares of Sabre in a research note on Wednesday, March 7th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $23.78.
Sabre (NASDAQ SABR) opened at $22.15 on Friday. Sabre has a fifty-two week low of $17.30 and a fifty-two week high of $25.01. The company has a debt-to-equity ratio of 4.87, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $6,049.69, a P/E ratio of 25.17, a P/E/G ratio of 2.47 and a beta of 0.55.
Several large investors have recently made changes to their positions in SABR. Burgundy Asset Management Ltd. lifted its position in shares of Sabre by 29.3% during the 4th quarter. Burgundy Asset Management Ltd. now owns 13,976,268 shares of the information technology services provider’s stock valued at $286,513,000 after buying an additional 3,169,837 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new position in shares of Sabre during the 4th quarter valued at approximately $64,563,000. Mackenzie Financial Corp lifted its position in shares of Sabre by 70.4% during the 4th quarter. Mackenzie Financial Corp now owns 4,388,602 shares of the information technology services provider’s stock valued at $89,966,000 after buying an additional 1,812,947 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Sabre by 175.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,302,885 shares of the information technology services provider’s stock valued at $47,208,000 after buying an additional 1,466,939 shares in the last quarter. Finally, MD Sass Investors Services Inc. purchased a new position in shares of Sabre during the 4th quarter valued at approximately $24,448,000.
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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