Sabre (NASDAQ:SABR) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.
Several other research analysts also recently weighed in on the stock. TheStreet upgraded shares of Sabre from a “c” rating to a “b-” rating in a research note on Monday, November 27th. Evercore ISI downgraded shares of Sabre from an “outperform” rating to an “underperform” rating in a research note on Friday, January 5th. Zacks Investment Research raised 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 Tuesday, January 9th. Mizuho reaffirmed a “buy” rating and issued a $25.00 price target on shares of Sabre in a report on Thursday, January 25th. Finally, Deutsche Bank upped their price target on shares of Sabre from $24.00 to $25.00 and gave the company a “buy” rating in a report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.78.
Shares of Sabre (NASDAQ SABR) opened at $22.03 on Friday. Sabre has a twelve month low of $17.30 and a twelve month high of $25.01. The stock has a market cap of $6,050.00, a P/E ratio of 20.98, a P/E/G ratio of 2.49 and a beta of 0.55. The company has a debt-to-equity ratio of 4.87, a current ratio of 0.99 and a quick ratio of 0.99.
Sabre (NASDAQ:SABR) last released its quarterly earnings data on Wednesday, February 14th. The information technology services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.10. Sabre had a net margin of 6.74% and a return on equity of 53.65%. The company had revenue of $881.90 million during the quarter, compared to the consensus estimate of $863.54 million. During the same period in the previous year, the firm earned $0.27 earnings per share. Sabre’s revenue for the quarter was up 6.3% on a year-over-year basis. equities analysts anticipate that Sabre will post 1.25 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in SABR. Burgundy Asset Management Ltd. grew its position in Sabre by 29.3% in 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 bought a new position in Sabre in the 4th quarter valued at about $64,563,000. Mackenzie Financial Corp grew its position in Sabre by 70.4% in 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 grew its position in Sabre by 175.5% in 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. bought a new position in Sabre in the 4th quarter valued at about $24,448,000.
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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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