Zacks Investment Research lowered shares of Sabre (NASDAQ:SABR) from a buy rating to a sell rating in a report issued on Thursday morning.
According to Zacks, “Sabre Corporation engages in providing technology solutions to the global travel and tourism industry. The company operates four brands/businesses: Sabre Airline Solutions (R), Sabre Hospitality Solutions (R), Sabre Travel Network (R) and Travelocity (R). Its software, data, mobile and distribution solutions are used by airlines hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre Corporation is headquartered in Southlake, Texas. “
Several other equities research analysts have also recently commented on SABR. Imperial Capital began coverage on Sabre in a report on Thursday. They issued an outperform rating and a $30.00 price target for the company. Deutsche Bank increased their price target on Sabre from $24.00 to $25.00 and gave the company a buy rating in a report on Monday, February 26th. BidaskClub cut Sabre from a sell rating to a strong sell rating in a report on Saturday, April 7th. Cowen reaffirmed a buy rating and issued a $27.00 price target on shares of Sabre in a report on Wednesday, March 7th. Finally, Mizuho reaffirmed a buy rating and issued a $25.00 price target on shares of Sabre in a report on Thursday, January 25th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $24.00.
NASDAQ:SABR opened at $20.28 on Thursday. Sabre has a one year low of $17.30 and a one year high of $25.01. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 4.87. The company has a market capitalization of $5,893.81, a P/E ratio of 15.60, a P/E/G ratio of 2.27 and a beta of 0.60.
Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Wednesday, February 14th. The information technology services provider reported $0.32 EPS 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 firm had revenue of $881.90 million during the quarter, compared to analysts’ expectations of $863.54 million. During the same quarter last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. equities research analysts anticipate that Sabre will post 1.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Wednesday, March 21st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, March 20th. This represents a $0.56 annualized dividend and a yield of 2.76%. Sabre’s dividend payout ratio (DPR) is 43.08%.
In other Sabre news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of the firm’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its stake in Sabre by 13.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 791,995 shares of the information technology services provider’s stock worth $14,336,000 after acquiring an additional 95,951 shares during the last quarter. Arizona State Retirement System increased its stake in Sabre by 26.9% during the fourth quarter. Arizona State Retirement System now owns 150,123 shares of the information technology services provider’s stock worth $3,078,000 after acquiring an additional 31,869 shares during the last quarter. MHI Funds LLC acquired a new stake in Sabre during the fourth quarter worth $2,330,000. MD Sass Investors Services Inc. acquired a new stake in Sabre during the fourth quarter worth $24,448,000. Finally, Meadow Creek Investment Management LLC increased its stake in Sabre by 25.6% during 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 during the last quarter.
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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.
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