Sabre (SABR) Downgraded by BidaskClub to Strong Sell

BidaskClub cut shares of Sabre (NASDAQ:SABR) from a sell rating to a strong sell rating in a report issued on Friday, March 16th.

SABR has been the subject of a number of other reports. Zacks Investment Research raised Sabre from a hold rating to a buy rating and set a $26.00 price objective for the company in a research report on Friday, March 2nd. Evercore ISI cut Sabre from an outperform rating to an underperform rating in a research note on Friday, January 5th. TheStreet upgraded Sabre from a c rating to a b- rating in a research note on Monday, November 27th. Deutsche Bank upped their price target on Sabre from $24.00 to $25.00 and gave the stock a buy rating in a research note on Monday, February 26th. Finally, Mizuho reaffirmed a buy rating and set a $25.00 price objective on shares of Sabre in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $23.75.

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SABR traded down $0.48 on Friday, hitting $20.25. The company had a trading volume of 1,997,029 shares, compared to its average volume of 2,850,747. The firm has a market cap of $5,692.69, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 2.32 and a beta of 0.60. Sabre has a 1 year low of $17.30 and a 1 year high of $25.01. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 4.87.

Sabre (NASDAQ:SABR) last released its earnings results on Wednesday, February 14th. The information technology services provider reported $0.32 earnings per share for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $863.54 million. During the same period in the previous year, the company posted $0.27 EPS. Sabre’s revenue was up 6.3% compared to the same quarter last year. equities research analysts forecast that Sabre will post 1.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, March 21st were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Tuesday, March 20th. Sabre’s payout ratio is currently 43.08%.

In related news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $22.27, for a total transaction of $197,526,949.61. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB raised its holdings in shares of Sabre by 7.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 33,296 shares of the information technology services provider’s stock worth $683,000 after purchasing an additional 2,299 shares during the period. Meadow Creek Investment Management LLC raised its holdings in shares of Sabre by 25.6% during the 4th quarter. Meadow Creek Investment Management LLC now owns 12,384 shares of the information technology services provider’s stock valued at $254,000 after buying an additional 2,528 shares during the period. Swiss National Bank raised its holdings in shares of Sabre by 0.4% during the 4th quarter. Swiss National Bank now owns 769,600 shares of the information technology services provider’s stock valued at $15,777,000 after buying an additional 2,900 shares during the period. IFG Advisory LLC purchased a new stake in shares of Sabre during the 4th quarter valued at about $321,000. Finally, Toronto Dominion Bank raised its holdings in shares of Sabre by 39.8% during the 4th quarter. Toronto Dominion Bank now owns 12,318 shares of the information technology services provider’s stock valued at $253,000 after buying an additional 3,509 shares during the period.

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Sabre Company Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.

Analyst Recommendations for Sabre (NASDAQ:SABR)

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