Sabre (NASDAQ:SABR) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.
Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Sabre from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Saturday, February 3rd. Mizuho restated a “buy” rating and set a $25.00 price target on shares of Sabre in a research report on Thursday, January 25th. Oppenheimer restated a “buy” rating and set a $24.00 price target on shares of Sabre in a research report on Wednesday, November 1st. TheStreet upgraded Sabre from a “c” rating to a “b-” rating in a research report on Monday, November 27th. Finally, Evercore ISI lowered Sabre from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $22.67.
Sabre (NASDAQ SABR) opened at $23.26 on Friday. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.89 and a current ratio of 0.99. Sabre has a 12 month low of $17.30 and a 12 month high of $25.01. The stock has a market capitalization of $6,381.20, a P/E ratio of 26.43, a PEG ratio of 5.58 and a beta of 0.72.
Sabre (NASDAQ:SABR) last released its quarterly earnings results on Wednesday, February 14th. The information technology services provider reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.10. Sabre had a return on equity of 53.65% and a net margin of 6.74%. The company had revenue of $881.90 million for the quarter, compared to analyst estimates of $863.54 million. During the same period in the previous year, the company posted $0.27 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. sell-side analysts anticipate that Sabre will post 1.16 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in SABR. Advisor Group Inc. boosted its holdings in Sabre 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 in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Sabre in the fourth quarter worth $169,000. Citigroup Inc. boosted its holdings in Sabre by 98.9% in the second quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock worth $207,000 after acquiring an additional 4,734 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Sabre by 39.8% in the fourth quarter. Toronto Dominion Bank now owns 12,318 shares of the information technology services provider’s stock worth $253,000 after acquiring an additional 3,509 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its holdings in Sabre by 25.6% in the fourth quarter. Meadow Creek Investment Management LLC now owns 12,384 shares of the information technology services provider’s stock worth $254,000 after acquiring an additional 2,528 shares in the last quarter.
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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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