Bank of America upgraded shares of Sabre (NASDAQ:SABR) from a neutral rating to a buy rating in a report issued on Tuesday, MarketBeat reports.
A number of other equities analysts have also commented on SABR. BidaskClub raised shares of Sabre from a strong sell rating to a sell rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Sabre from a sell rating to a hold rating and set a $26.00 price target on the stock in a research report on Tuesday, May 8th. Oppenheimer raised their price target on shares of Sabre from $26.00 to $27.00 and gave the stock an outperform rating in a research report on Wednesday, May 2nd. Deutsche Bank raised their price target on shares of Sabre from $24.00 to $25.00 and gave the stock a buy rating in a research report on Monday, February 26th. Finally, Morgan Stanley raised their price target on shares of Sabre from $23.00 to $25.00 and gave the stock an equal weight rating in a research report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $24.80.
Sabre opened at $23.57 on Tuesday, MarketBeat reports. Sabre has a 52 week low of $17.30 and a 52 week high of $25.00. The stock has a market cap of $6.53 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 2.55 and a beta of 0.60. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.08 and a current ratio of 1.08.
Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, May 1st. The information technology services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. Sabre had a net margin of 6.93% and a return on equity of 49.84%. The business had revenue of $988.37 million for the quarter, compared to analyst estimates of $942.68 million. During the same period last year, the firm earned $0.42 earnings per share. Sabre’s revenue for the quarter was up 8.0% compared to the same quarter last year. equities research analysts anticipate that Sabre will post 1.3 earnings per share for the current year.
In other Sabre news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $22.27, for a total transaction of $197,526,949.61. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.67% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of SABR. Institutional & Family Asset Management LLC acquired a new stake in shares of Sabre in the 1st quarter valued at approximately $107,000. Quantbot Technologies LP acquired a new stake in shares of Sabre in the 1st quarter valued at approximately $149,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sabre in the 4th quarter valued at approximately $169,000. Toronto Dominion Bank boosted its stake in shares of Sabre by 39.8% in the 4th quarter. Toronto Dominion Bank now owns 12,318 shares of the information technology services provider’s stock valued at $253,000 after purchasing an additional 3,509 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of Sabre by 25.6% in 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 purchasing an additional 2,528 shares in the last quarter.
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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