Shares of Sabre Corp (NASDAQ:SABR) have received an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $24.57.
SABR has been the topic of a number of research reports. BidaskClub cut shares of Sabre from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. William Blair cut shares of Sabre from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 30th. Oppenheimer dropped their price target on shares of Sabre from $28.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Imperial Capital dropped their price target on shares of Sabre from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating and set a $21.10 price target on the stock in a research note on Wednesday, May 1st.
In other Sabre news, insider David J. Shirk sold 10,365 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $22.88, for a total transaction of $237,151.20. Following the transaction, the insider now owns 100,075 shares in the company, valued at approximately $2,289,716. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard A. Simonson sold 6,047 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $22.17, for a total transaction of $134,061.99. Following the transaction, the insider now owns 286,503 shares in the company, valued at approximately $6,351,771.51. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. PRW Wealth Management LLC purchased a new stake in shares of Sabre during the 4th quarter valued at about $28,000. Penserra Capital Management LLC purchased a new stake in shares of Sabre during the 4th quarter valued at about $28,000. Investors Research Corp purchased a new stake in shares of Sabre during the 1st quarter valued at about $30,000. Shine Investment Advisory Services Inc. purchased a new stake in shares of Sabre during the 1st quarter valued at about $32,000. Finally, Semmax Financial Advisors Inc. purchased a new stake in shares of Sabre during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 91.71% of the company’s stock.
Shares of SABR stock traded down $0.11 during mid-day trading on Tuesday, reaching $22.62. 117,387 shares of the company’s stock traded hands, compared to its average volume of 2,468,653. Sabre has a 12 month low of $19.41 and a 12 month high of $26.78. The firm has a market cap of $6.28 billion, a P/E ratio of 15.90, a P/E/G ratio of 6.30 and a beta of 0.72. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.44. The firm’s 50-day simple moving average is $21.00.
Sabre (NASDAQ:SABR) last announced its earnings results on Tuesday, April 30th. The information technology services provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Sabre had a net margin of 7.80% and a return on equity of 39.46%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts expect that Sabre will post 0.8 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, June 20th. Sabre’s dividend payout ratio is currently 39.44%.
Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, 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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